Osborne told The Wilmslow Expresss he makes travel savings by cycling between appointments.
MPs’ expenses are broken down into four categories – the costs of running a second home, running an office, employing staff, and travelling between constituencies and London.
OsborneÂ’s were ÂŁ19 895 for a second home, ÂŁ17 993 for his office, ÂŁ69 377 for staff and ÂŁ11 896 on travel.
"I canÂ’t defend the high mileage rate [MPs get for driving]. But I was very relaxed about that item of expense, because I use a bike when IÂ’m in London," said Osborne.
"I cycle about eight miles a day."