Chancellor Rachel Reeves has confirmed a new mileage rate of 20p per mile for employees who cycle to work, as part of the Great British Summer Savings Scheme. This announcement was made in the House of Commons and aims to support those commuting via bicycle. Alongside this, the reimbursement rate for employees using their own vehicles for work-related travel has been increased to 55p per mile for the first 10,000 miles in the tax year, up from the previous rate of 45p. This change is significant for workers who are required to use their vehicles for job duties, such as care workers traveling between clients. Employers can reimburse these mileage costs through the 'Approved Mileage Allowance Payment' scheme, which is exempt from tax and National Insurance. Fiona Eastwood, Chief Executive Officer of Merlin Entertainments, expressed that the changes would positively impact the UK's visitor economy, making it easier for families to enjoy summer outings. Additionally, Merlin will apply the VAT cut to admission tickets and children's meals at their attractions, enhancing the value of family experiences.