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Is not the UK taking back 25% of the quotas allocated to EU members - spread out over 5 years? That's an extra 5% p.a. and may be all that the UK fleet has the capacity to absorb. Given that most of this fish will be sold back to the EU in any case and the UK s incurring the costs of catching it, all that's left for the Brits is whatever profit margin is made on the fish which is a small % of a small %.

Not v. significant in the grand scheme of things especially if an independent Scotland takes much of it away with them in due course.

What the agreement does do (besides saving Irish agricultural exports) is ensure that any UK decline will be a slow burn rather than an abrupt collapse. I'm sure the French won't make it easy for non-essential goods to pass through Calais, but that's another story. UK manufacturing is dying on its feet in any case, and and can't see the EU granting equivalence for UK services any time soon.

But most Brexiteers I have blogged with seem happy to move on at this stage. I'm not sure they realise just how profound the long term cumulative effects will be.

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by Frank Schnittger (mail Frankschnittger at hot male dotty communists) on Tue Dec 29th, 2020 at 04:20:54 PM EST
[ Parent ]
What is the most English fishing boat?

It is comparable to the argument over here about what is the "most American car." It depends entirely on how you measure it: the brand, the location of the corporate headquarters, the location of the assembly plants, the location of the supplier factories...

My guess is that a bunch of French fishing fleet owners will work out how to leverage the new system so that they can still catch fish and sell them to the fish and chips shops in England. Maybe at a higher price as the rules and regulations are clarified.

It is a bit nuts to expect prices to stay the same when you pull out of a free trade agreement and enter into an agreement where trade costs increase.

by asdf on Tue Dec 29th, 2020 at 07:55:08 PM EST
[ Parent ]


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