Bike thieves rake in £22m
A BICYCLE is now stolen every six minutes after the number of bike thefts shot up 17% in three years.
A study found 250,000 bikes, worth £22million, had been stolen since 2015.
Cycle theft in London is increasing faster than anywhere else, up 21% in the last three years.
East London is No1 bike theft hotspot, followed by Manchester, the Direct Line study showed.
Darran Hull, of Direct Line, said: “Bike theft is distressing and disruptive.”