Sadiq Khan discusses the latest plans for Oxford Street, speaking to The Standard on Monday, Mr Khan said he was "working closely with the Government" and was "having regular meetings" with Westminster council. He said: "NWEC are very excited. We know the situation of setting up a development corporation can take some time. "We are not waiting, though - we are having great conversations with the council but also businesses as well, and TfL are talking to residents and others to make sure we get the best possible scheme for that street." When the plans were first announced, City Hall said it may take 12 to 18 months to make progress - though there was a lack of detail.