21 238 bicycles reported stolen in London
9.10.07 by Buffalo Bill
According to a written answer given a couple of months ago, the Met Police have recorded 21 238 bicycle thefts in 2005/6.
I read somewhere that only 1 in 10 bicycle thefts are recorded. So the true figure could be 200 000 bikes stolen in London each year. That’s 1 bicycle stolen every 3 minutes. Even based on the Met’s reports, it’s 2 bicycles stolen every hour in London.
That’s a lot of stolen bikes. Given that most bikes are stolen to be sold, let’s say around £50 a bike, that could be around £10 million paid by punters looking for a ‘bargain’. What a bunch of muppets.