News Formal

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

  • 📰 TheSun
  • ⏱ Reading Time:
  • 15 sec. here
  • 7 min. at publisher
  • 📊 Quality Score:
  • News: 26%
  • Publisher: 61%

Business And Economy Nieuws

City Of London Market,Relocation,Trade

Despite the vote to close it, the City of London Corporation has decided to keep the market open until at least 2028, as traders express skepticism about its imminent closure. The market is known for its weekly horse and livestock sales.

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

Wij hebben dit nieuws samengevat zodat u het snel kunt lezen. Bent u geïnteresseerd in het nieuws, dan kunt u hier de volledige tekst lezen. Lees verder:

 /  🏆 64. in NL
 

Bedankt voor uw reactie. Uw reactie wordt na beoordeling gepubliceerd.

Nederland Laatste Nieuws, Nederland Headlines

Similar News:Je kunt ook nieuwsberichten lezen die vergelijkbaar zijn met deze die we uit andere nieuwsbronnen hebben verzameld.

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
Bron: ftenergy - 🏆 47. / 63 Lees verder »

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.
Bron: FT - 🏆 113. / 51 Lees verder »