Khan maintains that a pedestrianised street would enjoy increased footfall and spending, and generate increased tax revenue. He said: '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. Urgent action is needed.'
Khan said urgent action was needed so that the mile-long street could once again become the leading retail destination in the world. The proposed mayoral development area is expected to give him greater powers to push through plans.
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