Do I need a new bike?

DSC_4051-broken-bike

I’m wondering if this is fatal or not. Bike shops in Cambridge don’t seem to do welding.

[Thanks to all who commented. The answer turns out to be the Genesis, £600, plus some mini-mudguards. To make things more exciting I’m buying it via the govt’s bizarre buy-your-bike-from-work scheme, which (if it all works out) saves me 40% tax plus maybe some other bits. For those happy enough not to live here, there is some weird tax-dodge scheme encouraged by the gummint whereby the company buys the bike (in theory), or maybe some other leaseholding company, you rent it for a year whilst making monthly payments, and then you buy it for a nominal sum at the end of the year. It is a job-creation scheme for accountants and tax lawyers.]
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