Billingsgate Market moved from its historic Lower Thames Street location in the City of London to its current 13-acre site in Canary Wharf (Poplar) in January 1982. After 900 years at the original site, the market relocated to a modern facility, with the official move taking place on 19 January 1982.
Billingsgate has been an integral part of London's economy. But it's also home to a rich working culture, be it porters and their 'bobbin hats', or the distinctly sweary way of speaking. The market moved to its current spot near Canary Wharf in east London in 1982.
Jason Holland. Billingsgate fish market – which is the oldest fish market in the U.K. capital of London and what was once the world's largest fish market – is set to close in 2028 after the City of London Corporation recently decided to withdraw its support.
Most traders from both markets have agreed to move together to a new site, although the current markets will stay open until at least 2028, the City of London Corporation said. It added that it had signed an agreement with the Greater London Authority to work on the proposals.
The oldest meat and fish markets in London, which date back 850 years, are facing permanent closure from 2028. 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.
1978: Should BILLINGSGATE FISH MARKET Move? | Nationwide | Voice of the People | BBC Archive
What will replace the Billingsgate market?
On December 3, 2025, Albert Island at the Royal Docks was announced as the new preferred site to co-locate Smithfield and Billingsgate Markets. These markets will become known as New Smithfield and New Billingsgate Markets.
At its core, the 3-5-7 rule sets three clear boundaries: 3%: The maximum amount of your trading capital you should risk on any single trade. 5%: The total amount of capital you should have exposed across all open trades at any given time. 7%: The minimum profit you should aim to make on your winning trades.
Billingsgate and Smithfield markets are set to relocate to a new joint site on Albert Island in east London's Royal Docks, under plans unveiled by the City of London Corporation and the Greater London Authority. The proposal follows the Corporation's decision last year to scrap a previous move to Dagenham.
Yes, fish is generally cheaper at London's Billingsgate Market, especially if you're buying in bulk (by the kilo or box) and are willing to get up early to shop, offering wholesale prices that beat many high street retailers, though some find prices similar to supermarkets for smaller quantities, with the main benefit being freshness and variety.
April 2019: The City of London Corporation announces plans to move Smithfield, New Billingsgate and New Spitalfields markets to one mega-site in Dagenham. November 2024: Dagenham is off! The City of London announces that the markets will still close, but they will NOT now relocate to Dagenham.
Billingsgate Market (and Smithfield) is closing because its current site is outdated, inefficient, and causes congestion, with plans for relocation to the Royal Docks in East London scrapped due to soaring costs, leading the City of London Corporation to halt support and plan permanent closure, though a new site may yet emerge, with current operations continuing until at least 2028.
Lock & Co. The oldest hat shop in the world (and reputedly the oldest shop in London), Lock & Co. is still run by the family who founded the company way back in 1676.
UK consumers prefer cod and haddock. We eat these fish more than any other nation. This is the fish served most often in our fish & chip shops. Most of this comes from the Icelandic, Norwegian and Barents Seas, where around one twelfth of the total is caught by the British trawler Kirkella.
The truth is, you can find both kinds at Aldi. The company sells value-pack packages of frozen wild-caught pink salmon filets (which make delicious baked salmon with burst tomatoes) along with cans of wild Alaskan pink salmon (which is one canned meat you should be eating).
The best days to buy fish are generally Thursday through Sunday, as these are the busiest days, meaning more turnover and wider variety, especially for specific types like Mahi-Mahi or whole fish, though Monday/Tuesday might be best for certain staples if deliveries are consistent, but always check with your fishmonger for local freshness. While the old rule was to avoid Mondays due to weekend delivery gaps, modern supply chains often make fresh fish available daily, so asking your fishmonger when it arrived is the best advice, regardless of the day.
When the plan was made public, in April 2019, excitement was expressed about the City of London Corporation, owner of the Smithfield meat market in Farringdon, Billingsgate fish market in Poplar and the New Spitalfields horticultural produce hub in Leyton, consolidating all three in one place.
Lincoln Christmas Market was axed in 2023 by the city's Labour-led council due to concerns about overcrowding. The Conservative opposition proposed a £190,000 increase to City of Council's budget to fund the market's return.
In 2025, 68% of London leavers stayed in the South of England (South East, South West or East of England) – the highest proportion since 2021 and up from 62% in 2024. This marks a reversal of the pandemic and then affordability-led trend that pushed buyers further into the Midlands and North.
Some traders follow something called the "10 a.m. rule." The stock market opens for trading at 9:30 a.m., and there's often a lot of trading between 9:30 a.m. and 10 a.m. Traders who follow the 10 a.m. rule think a stock's price trajectory is relatively set for the day by the end of that half-hour.
