A historic meat market, Smithfield, which has been trading for over 800 years, is set to close permanently. The City of London Corporation has announced its decision to cease trading at Smithfield meat market and Billingsgate fish market after plans to relocate them to a new development in Dagenham were put on hold due to increased construction costs and inflation.
The corporation will provide financial compensation to traders, estimated to be over £300 million, and traders will be allowed to continue operations until at least 2028. Smithfield is known as the oldest market in the world, with its Victorian buildings designed by Sir Horace Jones
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Smithfield: Historic meat market to close after more than 800 years trading in LondonThere has been a meat market on the site for more than eight centuries, but after 2028 that is set to change after a corporation vote put an end to its ownership.
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London's Oldest Meat Market Faces Closure After Crucial VoteLondon's oldest meat market, Smithfield, could close permanently following a critical vote today. The City Corporation plans to relocate Smithfield and Billingsgate fish market to Dagenham, but due to cost overruns, the recommendation is now to shut down Smithfield and compensate traders with potential payments exceeding £300 million.
Fonte: LBCNews - 🏆 75. / 59 Consulte Mais informação »