Mayor signs Venezuelan oil deal

Ken Livingstone has signed an oil deal with Venezuela - providing cheap fuel for London's buses and giving cut price travel for those on benefits.

The mayor of London said the agreement will help provide half-price bus and tram travel to some 250,000 Londoners on income support.

The deal follows discussions between Mr Livingstone and Venezuelan President Hugo Chavez.

Mr Livingstone signed the deal at a ceremony in City Hall.

Go to the full story here