London's 900-year-old Smithfield meat market to close as Dagenham move abandoned - City of London Corporation seeks to absolve itself from responsible of running the near-1,000-year-old Smithfield market,

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.

Smithfield meat market, near St Paul's Cathedral, and Billingsgate fish market in Canary Wharf are to be closed after the City of London Corporation voted to withdraw support for them. The Corporation said it would now work with traders to help them find alternative premises.

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world London's historic Smithfield meat market is at risk of being closed for good at a vote in the City of London.

A historic meat market in the heart of London is at risk of shutting down for good. The City of London Corporation, which runs Smithfield meat market, previously planned to relocate it and Billingsgate fish market to a new £1billion development in Dagenham.