For many of our readers, the news that Westminster Council has decided not to proceed with the Pedestrianisation of Oxford Street will be warmly received. Please see below a copy of the notification we received from the Marylebone Association, a letter written by the Leader of Westminster City Council, confirming that Oxford Street will not be pedestrianised, but improvements will be planned to the benefit of all.

I’m disappointed the Chancellor hasn’t decided to make changes to resolve the higher price brackets of stamp duty by trying only to help first time buyers, which will continue to reduce transaction levels in central London property.

Good news or bad news? Well mainly good I’d say if we look at the reality.