London's historic Smithfield meat and Billingsgate fish markets will stay open until 2028 but will close due to high relocation costs.

London's historic Smithfield meat market and Billingsgate fish market will remain open until at least 2028, but the City of London Corporation has voted to end their operations. The decision follows a rise in construction costs and inflation, which made the planned £1 billion relocation to Dagenham unaffordable. The corporation will provide financial compensation to traders, helping them transition to new locations. A bill will be tabled in Parliament to absolve the corporation of responsibility for running the markets.

November 26, 2024
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