Close Menu
economyuae.comeconomyuae.com
    What's Hot

    Home builders lose confidence, resort to price cuts as buyers steer clear of housing market

    June 17, 2025

    UK hopes for steel and pharma deal with US by July

    June 17, 2025

    Global Startup Ecosystem Report 2025: Here’s where Riyadh ranks

    June 17, 2025
    Facebook X (Twitter) Instagram
    Facebook X (Twitter) Instagram
    economyuae.comeconomyuae.com
    Subscribe
    • Home
    • MARKET
    • STARTUPS
    • BUSINESS
    • ECONOMY
    • INTERVIEWS
    • MAGAZINE
    economyuae.comeconomyuae.com
    Home » Oxford Street pedestrianisation plan to go ahead, says mayor
    Company 

    Oxford Street pedestrianisation plan to go ahead, says mayor

    Arabian Media staffBy Arabian Media staffJune 16, 2025No Comments3 Mins Read
    Facebook Twitter LinkedIn Telegram Pinterest Tumblr Reddit WhatsApp Email
    Share
    Facebook Twitter LinkedIn Pinterest Email


    Unlock the Editor’s Digest for free

    Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.

    Sir Sadiq Khan has announced that he will go ahead with plans to pedestrianise Oxford Street after receiving what he dubbed “overwhelming public and business support” for the contentious proposal.

    London’s Labour mayor has long advocated removing traffic from the capital city’s main shopping street despite previous opposition from Westminster council, the local borough. 

    On Tuesday, Khan said he was moving forward with the pedestrianisation of Oxford Street with detailed proposals to be published later this year.

    He said City Hall would set up a “mayoral development corporation” by the new year to drive the transformation of the area, working with businesses, the local authority and the national government. 

    The mayor said the results of a public consultation had showed that two-thirds of Londoners backed removing vehicles from Oxford Street, along with major companies such as Selfridges, John Lewis and Ikea. 

    Some 6,642 people responded to the consultation launched by the Greater London Authority between February and May. Of these, 66 per cent supported plans to pedestrianise the area, according to the GLA. 

    The results were in line with separate polling of London residents by YouGov last year, which found 63 per cent in favour of the project. 

    London mayor Sadiq Khan and deputy prime minister Angela Rayner on the roof of John Lewis in Oxford Street
    London mayor Sadiq Khan and deputy prime minister Angela Rayner on the roof of John Lewis in Oxford Street © Aeron Chown/PA

    City Hall said the thoroughfare was of “critical national economic importance” and contributed £25bn to London’s economy annually but had suffered from the Covid-19 pandemic and the growth of online shopping and out-of-town retail parks. 

    It said officials would develop detailed traffic proposals to pedestrianise almost a mile of road from Orchard Street to Great Portland Street. 

    Khan said that “urgent action” is needed to “give our nation’s high street a new lease of life”.

    “It’s clear that the vast majority of Londoners and major businesses back our exciting plans, so I’m pleased to confirm that we will now be moving ahead as quickly as possible,” he added.

    “We want to rejuvenate Oxford Street; establish it as a global leader for shopping, leisure and outdoor events with a world-class, accessible, pedestrianised avenue.”

    Karim Fatehi, chief executive of the London Chamber of Commerce, said the plans could “unlock the latent potential” of Oxford Street to make it a thriving destination.

    Some content could not load. Check your internet connection or browser settings.

    Kate Nicholls, head of UKHospitality, welcomed the regeneration plans and said the area had “enormous” potential as a global destination for hospitality, leisure and tourism.

    Westminster council in 2018 blocked plans to pedestrianise Oxford Street, and has cited practical concerns around traffic, public transportation and access for disabled people. Much of the street is already closed to traffic except buses and taxis for most of the week. 

    But Adam Hug, council leader, said today that Khan’s decision was “far from unexpected” and said it was now important for the authority to co-operate.

    “Westminster council will work constructively with the mayor’s team to ensure the nation’s high street is reimagined in a way that works for visitors, shoppers, and our residents,” he said.  

    Danielle Percy, partner at Bidwells, a property consultancy, said that pedestrianisation would help London to “play catch-up” with other leading global cities as footfall still lags behind pre-pandemic levels.

    Data visualisation by Cleve Jones



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email
    Previous ArticleHow much money can Meta make from WhatsApp ads? This analyst does the math.
    Next Article Warner Bros to cut David Zaslav’s pay package following shareholder rebuke
    Arabian Media staff
    • Website

    Related Posts

    Britain’s legions of brokers fight on

    June 17, 2025

    German prosecutors drop greenwashing case against former DWS chief

    June 17, 2025

    Friedrich Merz’s plan won’t fix Germany’s pensions crunch, warns Bundesbank

    June 17, 2025
    Add A Comment
    Leave A Reply Cancel Reply

    Top Posts

    10 Trends From Year 2020 That Predict Business Apps Popularity

    January 20, 2021

    Shipping Lines Continue to Increase Fees, Firms Face More Difficulties

    January 15, 2021

    Qatar Airways Helps Bring Tens of Thousands of Seafarers

    January 15, 2021

    Subscribe to Updates

    Your weekly snapshot of business, innovation, and market moves in the Arab world.

    Advertisement

    Economy UAE is your window into the pulse of the Arab world’s economy — where business meets culture, and ambition drives innovation.

    Facebook X (Twitter) Instagram Pinterest YouTube
    Top Insights

    Top UK Stocks to Watch: Capita Shares Rise as it Unveils

    January 15, 2021
    8.5

    Digital Euro Might Suck Away 8% of Banks’ Deposits

    January 12, 2021

    Oil Gains on OPEC Outlook That U.S. Growth Will Slow

    January 11, 2021
    Get Informed

    Subscribe to Updates

    Your weekly snapshot of business, innovation, and market moves in the Arab world.

    @2025 copyright by Arabian Media Group
    • Home
    • Markets
    • Stocks
    • Funds
    • Buy Now

    Type above and press Enter to search. Press Esc to cancel.