Lessons need to be learned for Cycle Hire sponsorship

As Transport for London begins the process of making a new sponsorship deal for the Cycle Hire scheme, Caroline Pidgeon AM said:

"Many lessons need to be learnt from the exclusive sponsorship deal that the mayor and TfL struck with Barclays Bank.

"Above all else the contract was unnecessarily secretive and far too favourable to the bank.

"The bank should have paid far more for the benefits they had been granted under the sponsorship deal."

Read more on the BBC website and at MayorWatch.