City of London Market to Stay Open Until 2028 Amid Relocation Efforts

A trader with 30 years of experience at the market expressed skepticism about the possibility of its closure, stating it's a situation that has been impending for decades. The City of London Corporation voted to close the market but decided to keep it open until at least 2028. The market is known for its weekly sales of fine horses and livestock, and as City of London chair Chris Hayward pointed out, people are consuming less meat and fish, leading to more trade being handled online.

The Corporation has invested £308 million to relocate the market. Dominic Twomey, leader of Barking and Dagenham Council, acknowledged the financial pressures but emphasized commitments to working with the City of London Corporation to develop the Dagenham Dock site for employment

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City of London votes to close Smithfield meat marketPlans to move trading halls to a new, modern facility in Dagenham were shelved earlier this month
Herkunft: ftenergy - 🏆 47. / 63 Weiterlesen »

City of London Votes to Close Centuries-Old Smithfield Meat MarketThe City of London Corporation has decided to shut down Smithfield meat market, which has operated since the 12th century. Independent traders will receive financial support to relocate. The markets will remain operational until at least 2028.
Herkunft: FT - 🏆 113. / 51 Weiterlesen »