Cycle hire deal with Barclays was always one-sided

Commenting on the news that Barclays will not renew its sponsorship of the Cycle Hire scheme when the initial contract expires, Caroline Pidgeon told the BBC:

"Barclays have received immense benefits from the publicity given to the cycle hire scheme in its early years, but now that its performance is looking shaky they appear to be bailing out.

"Fundamental questions have to be asked as to how such a one-sided deal was ever struck between Transport for London and Barclays."

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