WORKERS are adopting an on-your-bike approach to the recession, it has been revealed.
As many as 12% of commuters have recently switched to bicycles for the journey to work, a survey by Sainsbury's Home Insurance found.
Men are much keener cyclists, with 15% of the male workforce opting for bicycles compared with just 8% of women.
Sainsbury's said the switch of transport mode was saving people an average of £33.70 a week, or collectively £11.2 million.
However, the company warned cyclists to note that more than 1,200 bikes are stolen in Britain each day.
Sainsbury's Home Insurance manager Neil Laird said: "Using a bicycle to travel around can be a very effective way of saving money.
"However, with thousands of bicycles being stolen in the UK each week, it could soon turn out to be a white elephant, costing you far more than you expect if you haven't secured and insured it properly. It's important to make sure that your home insurance policy covers your bicycle."
