Green’s Dictionary of Slang

Recent Incision, the n.

[pun; running from Waterloo Road to Great Charlotte Street, the New Cut was one of the busiest and most notorious Victorian street markets, as well known for its pickpockets and con-men as for the wide range of goods on sale]

the New Cut, London SE1.

[UK]Hotten Dict. of Modern Sl. etc. (2nd edn).
[UK]Hotten Sl. Dict.
[UK]Graphic (London) 21 Dec. 3/2: The New Cut, which in medical students’ slang used to be called the Recent Incision.