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High rents, business rates, and reduced bus services are identified as primary drivers weakening Oxford Street. Experts suggest the current approach of pedestrianisation and the impact of Crossrail have worsened the situation, with calls for central government intervention.
The Standard recorded 51 cyclists travelling through Oxford Street’s newly pedestrianised stretch on 27 October 2026. TfL says breaches can attract fines of up to £160, reduced to £80 if paid within two weeks, and is trialling geofencing with dockless operators to limit e‑bike access.
From 26 October a stretch of Oxford Street in Westminster became vehicle‑free. Deliveries may occur only between midnight and 07:00, while emergency services keep full access. The mayor and TfL say the change will be monitored and the street will gain trees, squares and new seating by spring 2027.
A significant section of Oxford Street, between Orchard Street and Great Portland Street, has been pedestrianised. The move aims to revitalise the area, boost economic growth, and create a greener environment, though some concerns about traffic diversion have been raised.
Permanent live facial‑recognition cameras are set to be fitted on Oxford Street in December. The system will compare faces of the half‑million daily visitors against a watchlist of suspects. Police point to a Croydon trial that lowered crime, but Liberty calls for a legal pause.
A 1km stretch of Oxford Street between Orchard Street and Great Portland Street will be closed to vehicle traffic from 26 October 2026. The Mayor of London announced the date, which has been met with criticism from Westminster City Council over access, pollution, and safety concerns.
Transport for London says work on the Oxford Street pedestrian scheme will start soon, with the first section expected to close to traffic in October 2026. Westminster’s Conservative leader claims the mayor shortcut the process, while the government confirmed no assessment was needed.
The flagship store, occupying two floors at 134-140 Oxford Street, will open on 4 November 2026. Warner Bros promises a Ukrainian Ironbelly Dragon, a full-sized Knight Bus and a themed pub serving Butterbeer, aiming to draw half a million daily visitors to the West End.
Marks & Spencer has completed a £700 million investment plan, beginning with the Pantheon store on Oxford Street. The 10-storey rebuild, approved after legal challenges, includes offices and a gym. Food sales rose 16% in the latest quarter, but profits fell to £671 million last year.
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