To be clear, they have not removed the rule that says you have to give way to the right on a roundabout. Cyclists, as with any other vehicle on the roads, are still obliged to give way to any traffic coming from the right. There is no need for vehicles to stop on a roundabout to give way.
This is the new rule relating to giving priority to cyclists:
Summary of the consultation proposals on a review of The Highway Code
Rule H3: Rule for drivers and motorcyclists
You should not cut across cyclists going ahead when turning into or out of a junction or changing direction or lane, just as you would not turn across the path of another motor vehicle. This applies whether cyclists are using a cycle lane, a cycle track, or riding ahead on the road and you should give way to them.
Do not turn at a junction if to do so would cause the cyclist going straight ahead to stop or swerve, just as you would do with a motor vehicle.
You should stop and wait for a safe gap in the flow of cyclists if necessary. This includes when cyclists are:
- approaching, passing or moving off from a junction
- moving past or waiting alongside stationary or slow-moving traffic
- travelling around a roundabout
It specifically relates to situations where a vehicle overtakes a cyclist, and then immediately makes a turn (e.g. a left-turn into a junction) that cuts across the path of the cyclist.