In the context of driving in the UK - that's not how it works. People will cross at red light right after you pass, and will impatiently wait at the edge of the road, leaning forwards, ready to go. This doesn't have anything to do with respecting the pedestrians rights.
If you turn into a junction and a pedestrian is already crossing you are required to wait. It will be interesting to see how pedestrians change as a result of this. I would be much less likely to wait for cars if I know for certain that they will let me cross safely. It may make urban areas more pleasent if cars are consistantly safe.
