Plans to pedestrianise part of London’s Oxford Street have been announced by the capital’s mayor. Sadiq Khan said “urgent action” is needed to regenerate the famous high street, which was has been affected by a shift to online shopping and the Covid-19 pandemic.
“Oxford Street was once the jewel in the crown of Britain’s retail sector, but there’s no doubt that it has suffered hugely over the last decade”, he said. Under the proposal, a 0.7 mile (1.1km) stretch would be pedestrianised between Oxford Circus and Marble Arch, with the potential for further changes towards Tottenham Court Road.
The plan, which was blocked by the previous Conservative-controlled Westminster City Council for its unpopularity with residents, has received backing from Deputy Prime Minister Angela Rayner
She said the pedestrianisation “will drive growth by creating new jobs, generating economic activity, and giving a much-needed boost to London’s night-time economy.
The plan will depend on Mr Khan gaining permission from Ms Rayner as housing, communities and local government secretary to establish a new Mayoral Development Corporation, which would provide planning powers and allow the mayor to overrule the council.
The project is expected to cost about £150m, with City Hall officials hoping local businesses, private funders and new revenue streams could foot the bill.
Source: BBC
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