The City Corporation had previously planned to relocate Smithfield and Billingsgate fish market to a new site in Dagenham.The corporation is recommending the market is shut down and that traders are offered compensation payments.Due to cost overruns, the corporations policy committee has recommended that the £1bn relocation plan is scrapped and the market closed.The compensation payments could reach more than £300 million, according to the Times.
Experts have questioned whether such a vote would be legal without a full review into how the closure would affect London’s food supply.A letter written by Gregory Jones KC, Suzanne Ornsby KC and William Upton KC, and seen by the Times, reads: “Understanding the social and economic importance of the existing markets is vital to any decision by the court to abolish them, as is the social and economic implications of doing so.
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