Johnson did the right thing when when he confirmed that he is to drop the deal to get £15m-worth of cheap oil for London buses from Venezuela

Mr Johnson did the right thing at the weekend when he confirmed that he is to drop his predecessor's deal to get £15m-worth of cheap oil for London buses from Venezuela. The benefits for Venezuela were limited - chiefly some advice from London's transport chief, Peter Hendy, which does not seem to have been followed - while the country earned less for its fuel than it should have done. In effect, Venezuela was subsidising a discount travel scheme for Londoners. But that will not be much comfort to the 250,000 people on income support who were offered cheap travel in London and who will, from August, be made to pay full fares. Nor was it brave of Mr Johnson to break the news over a bank holiday weekend.