Mayor overestimates revenue from Barclays sponsorship
Dave Hill at the Guardian writes about the Mayor's exaggeration of the benefits of the cycle hire sponsorship contract with Barclays, pointing out Caroline Pidgeon's questioning that highlighted the true figures:
"Barclays," proclaimed the Mayor, has "saved Londoners about £50 million" through its sponsorship of cycle hire and superhighways. The key word in that assertion is "about."
As in the past the Mayor appeared at best unclear about how much money Barclays has and eventually will transfer to London's savings account in return for his inviting it to carpet brand its streets.