Approx 140 porters at Billingsgate Fish Market are objecting to the plans to modify the way the market is trickled by the City of London Corporation.

The Unite union expressed that the plans to annul the porters' licences shall guide to a loss of jobs as well as intimidate the market that churns out £200m a year.

The corporation expressed that the licensing in the year 1876 by-law is archaic and does not promise jobs or standards of porters.

As per the records of the UK's biggest inland fish market can be outlined back to 1327.

The souk commenced trading solely in fish trailing an Act of Parliament in the year 1699. Every year approximately 25,000 tonnes of fish is sold, churning out £200m.

Initially the market was situated at the Lower Thames Street however it was repositioned in the year 1982 to a site near Canary Wharf.

According to the union the licensed porters are central to the nature and success of Billingsgate market. They further expressed that their facts of the market, comprehension of products, sizes and grades as well as assurance to the job crafts the porters the life and soul of the market.