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British consumers have been warned to make sure their home and contents insurance policies are up to date after Tory leader David Cameron had his bike stolen recently.

The politician set his bike, which was reportedly worth around £1,000, down at a supermarket in the Notting Hill area of London only to find it was no longer there when he returned to set off home.

Mr Cameron is not the first member of the Conservative party to have their bicycle taken by thieves, as a similar incident happened to Boris Johnson, now mayor of London.

"Cyclists should make sure they're not left out of pocket by ensuring valuable bikes have adequate cover and are always listed amongst their personal possessions," said Gideon Ingham from the home insurance providing aspect of Asda.

"Bikes should always be securely stored to keep potential thieves at bay. Be warned cyclists - lock it, or lose it."

Earlier this week, the current chancellor Alistair Darling announced that plans to increase fuel duty by two pence had been scrapped.

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