From The Independent:
"London market for stolen bikes
The streets around Brick Lane were depicted as a hotbed of bike crime going unchecked by the authorities (Cyclo-therapy, 11 October). Bike theft is, unfortunately, an issue across London, but the inference that the work of council market officers and the police in Tower Hamlets is ineffective misses the mark.
Tower Hamlets Council market officers seize bikes from illegal traders on the lane, and every week they provide details to the police of all bikes taken from illegal street traders. They are then checked against police theft records. From the hundreds of bikes seized over the past few years, not one has been reported to the police as stolen.
We have been working closely with the police and although we acknowledge there are illegal traders left, the numbers are nowhere near what they have been, and we will continue to work hard to remove them.
All untraceable bikes seized in evidence by police and market officers are sold back legally on Brick Lane as part of a joint police initiative. This is mainly an educational exercise, where information and advice is also given about how people can keep their bikes secure, and the dangers of buying from unlicensed, illegal traders."