More than 18,800 thefts were reported between November 2021 and October 2022, but only 206 sanctions were recorded.
Only 1% of London bike thefts in the last 12 months resulted in a charge or caution, according to Metropolitan Police data.
Hackney, Southwark and Tower Hamlets recorded the most thefts over the last 12 months, although across the capital the total number of bikes reported stolen was down 18% compared with the previous year.By Tom Edwards, BBC London Transport Correspondent
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