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The speed limit is a maximum, you tit. There are plenty of circumstances where you're expected to slow down, one of which would be a load of people crossing the road in front of you.
I'm fairly certain the Highway Code trumps the Green Cross one, and includes things like:
try to be understanding if other road users cause problems; they may be inexperienced or not know the area well.
be patient; remember that anyone can make a mistake.
There is a risk of pedestrians, especially children, stepping unexpectedly into the road. You should drive with the safety of children in mind at a speed suitable for the conditions.
Drive carefully and slowly when... ...in crowded shopping streets, Home Zones and Quiet Lanes (see Rule 218) or residential areas
The person that was killed apparently only started crossing the road because he mistakenly thought other people crossing meant the light was green. You seem to think this meant he deserved to die? Wonderful.
It doesn't matter how fast the road user is going unless they are breaking the speed limit, and even then the lights were still red.
If you are a ped and you jump red lights at a crossing, you are accepting the fact that there is a chance that you are going to get run over.
If cyclists or motorists jump red lights at junctions, they are accepting the fact that they probably will get hit by another road user.
You take the chance, you dice with death.
The Green Cross code exists for a reason, use it.