It's been reported today that the cycling industry is worth some 3 billion pounds to the UK economy.

With cycle-manufacturing, cycle accessory manufacturing, retail and other cycle-related employment all thrown into the mix, that's a healthy figure and a good sign of the state of the cycling industry in this country.

As many as 23,000 people are employed in these UK cycle and cycle-related industries and they contribute some £600 million to our economy in wages and taxes.