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 Meat Market and Billingsgate Fish Market to Close After 800 YearsThe City of London Corporation has decided to end the operations of Smithfield meat market and Billingsgate fish market, both of which have operated for over 800 years. The corporation has opted for financial compensation to traders and a formal end to its interest in relocating the markets.
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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
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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 Smithfield Market 'set to close' after 900 years - after Dagenham move haltedLondon’s oldest meat market could close for good, with a crucial vote on its future due to take place today.
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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.
Bron: LBCNews - 🏆 75. / 59 Lees verder »