logo
ENع
#

Latest news with #traders

Smithfield and Billingsgate market redevelopment plans begin – but traders' future in doubt
Smithfield and Billingsgate market redevelopment plans begin – but traders' future in doubt

The Guardian

time10 hours ago

  • Business
  • The Guardian

Smithfield and Billingsgate market redevelopment plans begin – but traders' future in doubt

Smithfield and Billingsgate food markets in London will be turned into new homes and a cultural destination under plans by their owner – but the future of the meat and fish traders housed on each site remains in doubt. A council within the City of London Corporation, which is responsible for running the capital's Square Mile, has voted to task a team to oversee the regeneration of 28 hectares (70 acres) of land across Greater London. However, it has not allocated any new money for the project. The corporation decided in a separate vote last November to permanently close Smithfield and Billingsgate when it pulled the plug on a planned £740m relocation to a new site in the east of the capital at Dagenham, blaming rising costs. The markets will continue trading in their current locations until 2028, but the closure will mark an end to centuries of meat and fish trading in the city. The corporation, which is exceptionally wealthy compared with typical UK local authorities, has faced a backlash over the decision and objections to the plans to permanently close London's ancient food markets and build on the sites. The corporation has previously offered compensation to Smithfield and Billingsgate traders and said it would help individual businesses to find new locations, but the newly created team will also be tasked with helping to find a new site for the meat and fish markets. Chris Hayward, the corporation's policy chair, said: 'A bright future lies ahead for these markets, and their redevelopment will contribute billions of pounds in economic growth, thousands of new jobs and thousands of new homes.' The redevelopment of the Smithfield and Billingsgate sites will add £9.1bn in gross value added (GVA) to the UK economy in the coming years, according to the corporation's calculations. The history of a food market around Smithfield – close to Farringdon train station – goes back more than 800 years. The London Museum is in the process of moving to part of the site. The corporation wants the new team, which will mostly include current corporation staff, to oversee a masterplan for the remainder of the site and its Victorian listed buildings, which will aim to turn it into a cultural hub, potentially housing bars, restaurants and venues. Greg Lawrence, the chair of traders at Smithfield market, who has worked on the site since he joined at the age of 16 in 1966, said: 'Smithfield market is a very special place. It will be emotional to leave the site, it has been people's lives.' Despite this, he is in favour of the markets moving to a new, modern location. 'We have outgrown it now, there is no room for anyone to expand or grow,' he said. The 5.6-hectare Billingsgate site close to the Canary Wharf financial district has been earmarked for housing, and the corporation believes 4,000 new homes could be built there. The corporation's new team, which will comprise 11 members, will also be responsible for working with local representatives to work out how to redevelop the 17-hectare site at Dagenham Dock, in one of London's most deprived boroughs, where it had intended to build a new market complex. Sign up to Business Today Get set for the working day – we'll point you to all the business news and analysis you need every morning after newsletter promotion The corporation spent just under £230m of the project's £741m cost before it cancelled the Dagenham move late last year, including buying and cleaning up the site. It blamed inflation and rising construction costs for the decision. It will use the remaining £511m to fund other major projects including a law court complex it is building for the Ministry of Justice at Salisbury Square, which the Guardian understands is over budget. The corporation manages assets worth billions of pounds, and collects £1.3bn in business rates annually, most of which it passes to central government. While the corporation is the owner and operator of the Smithfield and Billingsgate sites, it does not have the power to autonomously close them down and use the land for other purposes. The capital's ancient markets were established by acts of parliament and can only be shut when parliament passes a private bill. This process has been complicated by the objection of three fishmongers from Ridley Road market in east London, who say they depend on Billingsgate for their business and will go bust if it closes down. They say they have the support of a small group of MPs who are opposed to the closure. Alicia Weston, the founder of the food poverty charity Bags of Taste and a spokesperson for the fishmongers, said the new plans appeared to be 'a positive move towards what the fishmongers have always wanted. They have asked for a suitable replacement for Billingsgate to be up and running before the closure, so they can go and buy their fish every day.'

Choosing The Best Free Bitcoin Wallet For Beginners
Choosing The Best Free Bitcoin Wallet For Beginners

Geek Vibes Nation

time21 hours ago

  • Business
  • Geek Vibes Nation

Choosing The Best Free Bitcoin Wallet For Beginners

As Bitcoin and other cryptocurrencies continue to advantage reputation, new investors are keen to explore the sector of digital assets. One of the primary steps on this journey is choosing a Bitcoin wallet; that's vital for securely storing and coping with your cryptocurrency. For beginners, loose Bitcoin wallets provide an amazing access point into the marketplace, presenting simple safety and capability without the need for big funding. However, with so many alternatives to be had, selecting the right pockets may be tough. When choosing a Bitcoin wallet for beginners, it's important to find one that balances security with ease of use. Auto Profit Hub, a reliable Bitcoin trading platform connecting traders with seamless transactions, offers a convenient way for those exploring the world of cryptocurrency to manage their investments efficiently. What is a Bitcoin wallet? A Bitcoin pocket is a software or bodily device used to keep, send, and acquire Bitcoin. It securely holds your private keys, which are essential for having access to and coping with your Bitcoin holdings. There are several sorts of Bitcoin wallets, each presenting various degrees of safety, comfort, and functionality. Wallets can be divided into two number one categories: warm wallets and bloodless wallets. Factors to Consider When Choosing a Bitcoin Wallet Security Features Two-issue authentication (2FA): This provides an extra layer of security by means of requiring a second form of verification (which includes a code sent to your phone) further for your password. Encryption: The wallet ought to encrypt your non-public keys to prevent unauthorized gain of entry. Backup and Recovery Options: Look for wallets that assist you in creating backups of your non-public keys and offer a simple recuperation method in case you lose access to your device. For the ones searching for an easy way to exchange and manage their Bitcoin in a secure garage, Bitcoin Loophole is a dependable Bitcoin buying and selling platform connecting traders with seamless transactions. Ease of Use For beginners, ease of use is vital. A pocket with an intuitive person interface, clean instructions, and smooth-to-navigate capabilities can make a large distinction, particularly while you're just getting started. Compatibility with Devices Before selecting a Bitcoin wallet, ensure it's compatible with your tool or operating system. Many loose wallets are available on a couple of structures, which include computer, mobile, and web. Consider what works first-class on your wishes: Mobile Wallets: Convenient for daily transactions and cell access. Examples consist of Mycelium and Trust Wallet. Desktop wallets offer more control and security but are much less portable. Electrum and Exodus are true options for desktop users. Web wallets are accessible from any device with an internet connection but may additionally come with additional safety risks. Coinbase and are famous web pocket providers. Reputation and Community Support A pocket's reputation is likewise an important attention. Research the wallet issuer to make sure it has a great song report for protection and reliability. Additionally, wallets with large, active consumer groups frequently receive well-timed updates and higher customer service, which may be beneficial for resolving any problems you could come across. Transaction Fees While many Bitcoin wallets are free to download and use, you may incur transaction fees while sending or receiving Bitcoin. These expenses can range depending on the community's modern call for and the pockets company's guidelines. Best Free Bitcoin Wallets for Beginners Here are a number of the top loose Bitcoin wallets that are perfect for beginners, presenting a balance of security, ease of use, and accessibility: Trust Wallet Trust Wallet is a famous cellular pocket that helps more than one cryptocurrency, along with Bitcoin. It is thought for its easy interface and strong protection capabilities, which include backup options and two-issue authentication. Exodus Exodus is a laptop and cellular wallet. This is newbie-pleasant with an easy, intuitive interface. It supports an extensive variety of cryptocurrencies and offers a built-in exchange for buying and selling property without delay in the wallet. Electrum Electrum is a lightweight Bitcoin wallet for desktop customers. It is notably stable and helps with element authentication, encryption, and customizable transaction charges. Electrum is right for people who want extra manipulation over their transactions and protection settings. Coinbase Wallet Coinbase Wallet is an internet-primarily based and cellular pocket supplied by means of Coinbase, one of the most important cryptocurrency exchanges. It is pretty stable, with two-factor authentication and encrypted personal keys stored domestically in your tool. Wallet is one of the oldest and most depended on internet wallets inside the cryptocurrency space. It gives each an internet and cellular model and provides stability of protection and simplicity of use. Conclusion Choosing the great loose Bitcoin wallet is a vital selection for novices coming into the sector of cryptocurrency. Factors inclusive of safety, ease of use, and compatibility with your gadgets should guide your choice. Trust Wallet, Exodus, Electrum, Coinbase Wallet, and are many of the pinnacle alternatives that offer a good stability of accessibility and safety. Each pocket comes with its own personal strengths and weaknesses, so it is essential to evaluate which features are most critical to your specific with a secure and dependable Bitcoin wallet can set the muse for a hit crypto journey. Disclaimer: The views and opinions expressed in this article are those of the authors and do not reflect those of Geek Vibes Nation. This article is for educational purposes only.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store