Street artist Banksy has confirmed a large statue that appeared in central London is his work.

The sculpture - which bears his signature - depicts a suited man walking forward off a plinth while carrying a flag that covers his face.

Its location - Waterloo Place, St James's - is an area designed to celebrate imperialism and military dominance in the 1800s. The sculpture sits near statues of Edward VII, Florence Nightingale and the Crimean War Memorial.

Banksy's representatives told the BBC the statue was installed in the early hours of Wednesday, before the artist posted a video of it on his Instagram account on Thursday afternoon.

On the statue's position on the ceremonial island in Waterloo Place, Banksy said: "There was a bit of a gap."

Since it appeared on Wednesday, crowds have gradually increased in size.

Contractors were seen erecting safety barriers around the work on Thursday afternoon.

Westminster City Council, which is responsible for the area, said: "We're excited to see Banksy's latest sculpture in Westminster, making a striking addition to the city's vibrant public art scene.

"While we have taken initial steps to protect the statue, at this time it will remain accessible for the public to view and enjoy."

James Peak, creator of the BBC podcast series The Banksy Story, said: "Here, you've got a brilliant comment on a bumptious, chest puffed out man in power with the flag completely obscuring his vision, which is why he is about to fall off the plinth.

"It is a wonderfully framed moment in time that you never really get with a statue."

He added Banksy had "pulled off another fantastic coup...the positioning is absolutely knockout".

"I don't know how he's managed to do it.

"How has he got a low-loader to there with all the security and put up a massive resin statue?"

On the statue's location, he added: "We've got to face up to the fact that Britain has an imperialistic history full of takeovers and part of that is the sort of extreme nationalism that Banksy absolutely abhors."

"Every (Banksy) piece is a campaign."

This is not the first time Banksy, whose real identity is not officially known, has previously left a statue in London. In 2004, The Drinker, a subversive takes on Rodin's The Thinker, was installed on Shaftesbury Avenue before being stolen soon afterwards.

This piece is the latest in a recent series of London‑based works by the artist who is known for high‑profile and often controversial pieces worldwide.

In December, a mural appeared in Bayswater of two children lying on the ground, while in September, he claimed to have painted a scene on the Royal Courts of Justice complex of a protester lying on the ground holding a blood-spattered placard while a judge looms over him, wielding a gavel.

In 2024, the street artist created an animal trail around the capital with pieces including a goat, elephants, a gorilla, monkeys, piranhas, a rhino and pelicans.

Each time, the pieces have appeared to have been installed covertly and later confirmed as his work on his Instagram account.

His works, installed on both private and public property, are widely interpreted as political statements and are often removed soon after they appear.