Britain's Olympians help boost sales of bicycles
Your support helps us to tell the story
From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.
At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.
The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.
Your support makes all the difference.Team GB's outstanding performance in the velodrome pushed loans for bicycles at retail bank Secure Trust to record levels, it said yesterday.
Secure Trust is the biggest lender in the cycling market through retailers like Evans Cycles.
The bank's chief executive, Paul Lynam, said: "Usually the summer is the peak time for cycle lending but obviously this year it was a bit of a washout. Then came the Olympics. August was easily the best month since we started loans for cycles three years ago." Secure Trust lends on cycles ranging from £250 to over £10,000.
Mr Lynam said: "Consumers like it and retailers like it because people buying with a loan tend to upgrade the spec on the bike."
Join our commenting forum
Join thought-provoking conversations, follow other Independent readers and see their replies
Comments