London ? Penny Lane will keep its name.

Liverpool officials said Saturday they would modify a proposal to rename streets linked to the slave trade when they realized the road made famous by the 1967 Beatles song was one of them.

The unassuming suburban avenue was named for James Penny, a wealthy 18th-century slave ship owner. Liverpool, the Beatles’ northern English hometown, was once a major hub for the slave trade.

The 90-member council plans to talk Wednesday about a plan to rename several central Liverpool streets named for notorious slave traders.

Liverpool was an important port of call for slave ships traveling between Africa and the Americas. During the second half of the 18th century, much of the city’s economy was based on the trade.