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@Gustav
Induced demand/congestion is the argument I would use against expanding/enhancing road capacity. You improve the infrastructure, more people drive and you shift the choke point but with the problem that you now have more cars/more congestion/more pollution.
http://en.wikipedia.org/wiki/Induced_demand
Also concerned that grand plans get put forward, but as planners start facing cost overruns (kind of inevitable in London) you get a watered down solution which does even more damage than the original plan.