Due to the rising price of petrol and diesel CTC predicts an extra 1.25 million trips will be made by bicycle every day.

After the last oil crisis in 1979 when fuel prices rocketed, cycling increased by almost 40%. With fuel prices higher than ever recorded CTC expects thousands of motorists to leave their cars at home and go to work by bike instead.

CTC Director Kevin Mayne said: “The amount commuters pay for fuel has a direct correlation with people deciding to take up cycling. Going by bike to work is a cheap, quick, healthy and an environmentally friendly way to commute and as people look to save money where they can, it’s the obvious choice”.

It’s not just commuters who bike to work who save money. According to a detailed study by Cycling England every new cyclist contributes an economic benefit of up to £382 to the nation. So a 40% increase in cycling would provide at least £1bn worth of benefits.