London’s famous Oxford Street is set for transformation with new pedestrianisation plans announced by Mayor Sadiq Khan.
- The initiative is aimed at reviving Oxford Street, a historic retail hub, to boost commerce and restore its global reputation.
- Despite previous opposition, a mayoral development area is expected to grant Khan the authority to proceed.
- The move comes as Oxford Street recovers from pandemic-induced declines in footfall and sales.
- Mayor Khan highlights the urgency of action to reinvigorate this iconic shopping destination.
London’s renowned Oxford Street is on the brink of a significant transformation. Announced by Mayor Sadiq Khan, the street is set to be free from traffic under new pedestrianisation plans. This ambitious initiative aims to revitalise Oxford Street, re-establishing it as a world-leading shopping destination. Businesses and residents have previously raised concerns, particularly regarding the re-routing of buses, but the deputy prime minister, Angela Rayner, is expected to approve a mayoral development area, giving Khan expanded authority to advance his vision.
The pedestrianisation of Oxford Street has been a topic of much deliberation, with discussions ongoing since the proposal’s first introduction in 2017. The move is driven by a desire to increase footfall and spending, ultimately generating more tax revenue. The street, once described as “the crown jewel of Britain’s retail sector” by Khan, has seen a downturn in recent years, exacerbated by the pandemic’s impact on retail and travel.
Despite facing challenges, Oxford Street continues to draw significant numbers of visitors, averaging around 500,000 daily. However, the closure of major department stores like House of Fraser and Debenhams has taken its toll on business activity. The new plans aim to breathe life back into the area, enhancing its appeal to both local and international shoppers and ensuring long-term economic benefits.
The transformation of Oxford Street under Sadiq Khan’s pedestrianisation plan represents a pivotal moment for London’s retail landscape, promising increased vibrancy and economic growth.
