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@Nabz95
I was fined £50 on the spot last week as soon as i entered that bus lane. This was along with a friend who had only just had his new fixie built up that day, and a tourist on a Barclays bike. It's a very direct route to Oxford Street from East London/ Look Mum which i regularly take so i'm not surprised I missed any new signs.
The policeman said that there were at least 7 or 8 no cycling signs leading up to the bus lane and they were given strict orders from Boris to fine every cyclist and caution none, claiming they had spent all December cautioning cyclists. He also said that they were giving £100 fines and 3 points to any driver caught in an ASL although i didn't see any of that happening.
Not sure if this initiative is still going on, but the policeman listed about a dozen major junctions that they are being posted at everyday between 7am-9am and 4pm-7pm. Just a heads up.