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Ah, thanks for the correction.
Yes, so normally buses will wait for traffic going straight ahead (towards the bridge) to be stopped by the lights (or for an opening) and then proceed to follow the red line. In my experience when a bus does this traffic flowing via the yellow line gives way, even if they are on their green phase.
I never have an issue here really, but today I had somewhat committed to the red line turn, with a black cab approaching via the yellow line. It would have been fine if he’d held his speed, but he accelerated and forced me to give way.
Felt irksome but maybe I was in the wrong. Not worth getting into conflict over in any case
You mean 'priority'--the concept of 'right of way' in the UK means something different.
It's an interesting question. The expectation would be that the two movements should not be in difficult conflict (the right turn (red) is only permitted for local buses, so low frequency, although I expect a fair few bike riders probably turn right there). As it's a signalised junction, 'priority' is expected to be regulated largely by the signal phases. The left turn (yellow) is on a separate signal phase to the adjacent straight-ahead lane, and in the same phase as the right turn, so that right-turners (red) don't have to wait for straight-ahead traffic to clear.
So, exercise common sense and there should not be any serious conflict. Have you had a bad experience with a bus turning across you?