Mayor Sadiq Khan has announced plans to make Oxford Street pedestrian-only.
- This move aims to revitalise the street as a premier shopping destination.
- Previously proposed plans faced opposition due to concerns about public transport.
- The creation of a mayoral development area could grant Khan the authority needed.
- The changes seek to increase footfall, spending, and tax revenue.
Mayor Sadiq Khan has unveiled plans to transform London’s Oxford Street by eliminating vehicular traffic, aiming to restore its status as a world-renowned shopping hub. The pedestrianisation proposal addresses long-standing debates and opposition, primarily from Westminster Council, due to concerns over public transport rerouting.
The plan anticipates economic revitalisation by enhancing foot traffic and consumer spending, thus potentially increasing tax revenues. Recent data shows Oxford Street’s struggle with a higher failure rate than the average British high street, particularly due to the economic impacts of the pandemic. Despite a daily visitor count of 500,000, the closure of flagship stores like House of Fraser and Debenhams has affected its retail landscape significantly.
Sadiq Khan stated, “Oxford Street was once the crown jewel of Britain’s retail sector, but it has undoubtedly suffered in recent years. Urgent action is required to breathe new life into the nation’s most famous high street.” The mayoral development area, if approved, would empower Khan with the necessary authority to execute his vision effectively, first considered in 2017.
The implementation of these plans is seen as critical in the wake of Oxford Street’s challenges, aggravated by the pandemic’s effects on pedestrian numbers and retail viability. There is optimism that this move will usher in increased economic benefits and restore Oxford Street to its former glory.
The pedestrianisation of Oxford Street promises to revitalise its retail environment and economic prospects.
