Kind of, the central government did this in response to Mayor of London Sadiq Khan:

In December 2023, Gove used his powers to “call in” Khan’s rejection of the project, overturning the Mayor’s rejection and turning the final decision to DLUHC ministers.

But the project did withdraw anyway:

However, in January 2024, MSG wrote to the Planning Inspectorate officially withdrawing its plans for the project.

I suspect it has more to do with London being left by advertisers right now. A few years back the tube had all the advert slots filled, always. Today, the advert slots are usually half filled and it’s been like that for years. I expected it to change after COVID, but it has persisted.