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It's going to depend on the timings of the lights, possibly generous, possibly shit. It's overcomplicated really, loads of room for cycle-zebras around a one lane roundabout.
NB. The 'ahead' cycle lights should be green with the ahead car lane. The conflicting movements are light controlled. TFL have a massive hard on for light controlled junctions as part of a massive London wide traffic management program.
Anyone know how this redeveloped roundabout on Queenstown Rd, Battersea is supposed to work? Seems to put continueing cyclists across the path of exiting vehicles at 90 degrees, at each exit. So by shunting cyclists to the outside edge, they now have to get through a bunch of traffic lights just to go straight through?
Found this: http://lcc.org.uk/articles/space4cycling-at-battersea-roundabout-but-is-it-dutch