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@jaw
Very observing BMMF. I spoke to a GLA consultant about a year ago and he mentioned that this is one of BJ his plans to reduce congestion. During the Livingston years pedestrians got more time to cross and lights stayed longer red in order to make it less appealing to drive into town and encourage people to use public transport etc.
Boris Johnson & Co realised this and saw an excellent opportunity to ease congestion without excessive costs.