What do I do with this wasp nest?

What do I do with this wasp nest?

Observation - What do I do with this wasp nest? - UK and Ireland. Description: Hi A few days ago I came across a paper wasps nest in the garden shed. At the time my grand kids were around so I took a bucket and (feeling very reluctant) I scooped it down from the shed roof and left it well down the bottom of the garden. Within 24 ho

Hi
A few days ago I came across a paper wasps nest in the garden shed. At the time my grand kids were around so I took a bucket and (feeling very reluctant) I scooped it down from the shed roof and left it well down the bottom of the garden. Within 24 hours the wasp had built another nest in the same place. Now then I am all for live and let live but what do you think? What is the life cycle of a small nest like this? If I leave it how many wasps might I get buzzing around when I go looking for a spade. I welcome any information or advice.
Thanks
John.