The City of London and Smithfield traders have agreed on a plan to move the market to a new location "within the M25" when the site closes.
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00:00The City of London and Smithfield traders have agreed on a plan to move the market to a new location
00:06within the M25 when the site closes. The agreement comes after concerns that the historic
00:13Smithfield meat market and Billingsgate fish market would shut after the City of London
00:18Corporation voted to withdraw support for them. The trader and city authorities have now agreed to find a new Smithfield market.
00:27On Monday, the corporation and the Smithfield Market Tenants Association
00:31issued a joint statement
00:33pledging to create a new facility
00:35allowing meat traders to expand and modernize businesses as well as support the meat traders for the future.
00:42Originally based just outside the medieval city walls, Smithfield has hosted a market since at least the 12th century.
00:49It is the largest wholesale meat market in the UK and one of the largest in
00:54Europe. For more on this and other news from across the capital head to Londonworld.com