Safety with less regulation?
At Portishead, near Bristol, the traffic lights were removed at a congested junction in an experiment to see whether traffic flow would improve. It seems that the experiment worked, bringing about a significant reduction in journey times without any compromise in road safety. The lights were removed permanently early last year. (See the story in This is Bristol.)
Some would see this as an example of how things can be better with less regulation and government interference. Not sure how well the abolition of traffic lights would work in some parts of London but perhaps that is too sceptical.
H/T A Tangled Web