Re: This is England. We use common sense here.
You can commit "theft by finding":
Theft by finding occurs when someone who chances upon an object which seems abandoned and takes possession of the object but fails to take steps to establish whether the object is abandoned and not merely lost or unattended. - Wikipedia
For example, if you take something from a skip (dumpster for our American cousins) because you think it's worth having then technically you can be charged with theft by finding - even though the original owner clearly no longer wants it. You're supposed to ask the owner's permission before you take it.