Corporation of London

The concept of the Court of Common Council grew from the ancient custom of the Folkmoot, when the assent of the citizens to important acts was obtained. This custom was continued by the Mayor who consulted the Commons several times during the 13th century. From 1376 the assembly began to meet regularly and was referred to as the Common Council. It was decided that the Council should be made up of persons elected from each Ward. By 1384 a permanent Common Council chosen by the citizens was established for all time. The Council assumed legislative functions and adopted financial powers, confirmed by Charters of 1377 and 1383. The Council has often used these powers to amend the civic constitution, regulate the election of Lord Mayor and other officials, and amend the functions of the City courts. The Council was judged so successful in the conduct of its duties that it was the only Corporation unreformed by Parliament following the Municipal Corporations Commission report of 1837, while the Corporation Inquiry Commission of 1854 suggested only minor reforms. The work of the Council is conducted by a number of committees, while the whole Council has the right to approve policy, confirm major decisions and sanction expenditure. The committees handle many aspects of the running of the City including land and estates, finance and valuation, open spaces, street improvement and town planning, public health, police, Port of London, civil defence, airports, libraries, markets, education, and law. The Town Clerk has held responsibility for recording the minutes of the Council and its committees since 1274.

Spitalfields Market dates to the thirteenth century, when the market was held in a field next to St Mary Spittel Church near Bishopsgate. In 1682, King Charles II granted John Balch a Royal Charter that gave him the right to hold a market on Thursdays and Saturdays in or near Spital Square. For the next 200 years, the market supplied fresh fruit and vegetables, becoming known for the sale of home-grown produce, which was being traded there six days a week. By 1876, a former market porter called Robert Horner bought a short lease on the market and started work on a new market building, which was completed in 1893. In 1920, the Corporation of London acquired direct control of the market, extending the original buildings some eight years later. For the next 60 years, Spitalfields' expanded and the traffic congestion in the surrounding narrow streets became difficult to manage. The market was forced to move and in May 1991 it reopened in Leyton.

The Spitalfields Market Committee was formed in 1937 to manage the administration of the market. In 2002 the Billingsgate and Leadenhall Markets Committee, the Central Markets Committee and the Spitalfields Market Committee were amalgamated under the Markets Committee.