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Administrator
Aug 15 2007
Market forces at work Print E-mail
Wednesday, 15 August 2007

[from Hackney Gazette 9 August 2007]

Mr Walker is ideally qualified to join the team of Hackney Council officials who have been given the job of managing the Saturday market on Broadway.  He has clearly not been to the market and, therefore, does not understand how it functions.

If Mr Walker does come to Broadway Market, he will find that he can buy a loaf of bread for under £1 from the local baker, wonderful sausages from the local butcher, good cheap fruit and veg seven days a week – and, oh dear, drink coffee at pavement cafes run buy people who actually live here.


He would also know that the market’s regular fruit and veg stall operates for five days a week, not one.


The Saturday market, founded and operated by volunteers in the Broadway Market Traders’ and Residents’ Association, brings well over 3,000 people to a street that was all but once deserted on Saturdays.  Many come back to shop in the week.


It generates more than £30,000 a year in licence fees for Hackney Council and costs taxpayers nothing.

It enables the traders’ association to support a youth group on the Regent’s estate.  It gives young business people a start in life.


It has been described as the most successful community-run street market in the country.  And, yes, it has helped to regenerate the area.


One reason for its success is that the shops are part of the market.  The Saturday traders compliment the shops, they do not compete with them.  Customers don’t buy fresh coconuts from a stall – they buy them from Spirit’s grocer’s shop.  They don’t buy hardware from a stall – they can get almost anything they need from Bradbury’s.  The result is a glorious mix of cultures and colours.


Cllr Alan Laing, Cabinet member for neighbourhoods, told a public meeting on Broadway Market recently that the council had a statutory duty to manage Hackney’s street markets.  He was misinformed.

The London Local Authorities Act states that the councils have a duty to regulate street markets. They can appoint agents to manage them as Islington has done, or they can work in partnership with community groups.


Indeed, Mr Laing’s own officials have been instructed to reply to the association’s proposed partnership agreement.  They have yet to do so.

Perhaps, Cllr Laing would care to come to the Saturday some day and see for himself how it is run.  I’m sure that the market department’s managers, and even Mr Walker, could be persuaded to join him.


Andrew Veitch

Resident Executive Member
Broadway Market Traders’ and Residents’ Association
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