FTSE rising whilst prospect of FTA seems to be fading

BananaRepublic

talexuser said:

And more than half of our EU fishing rights were owned by a handful of (our) very rich people, some of whom never fished but just leased the catches to foreign fleets, pocketing the profits and providing no jobs here.

Yes, a small number of rich families, the irony.  

LHW99

Linton said:

LHW99 said:

csgohan4 said:

doe808 said:

El_Torro said:

benbay001 said:

To reply to El_Torro's comment, here is a link to the Barclays boss's view of financial services post brexit. https://www.bbc.co.uk/news/business-55939857

The article touches on the fishing industry, another puzzling thing when it comes to this deal. The fishing industry makes up what, 0.1% of the UK economy? In that case why was so much attention put on it?

The man in the street can understand fishing. Honest men and women risking their lives to go out to supply us with food. For people who respond to images, rather than the details, its an easy sell (as against, say, the financial sector).

that's sadly the reality. Same with why the usual immigration rhetoric which was brought in by the tabloids prior to the referendum when it was  more than this. 

But I think it was short sighted to go for politics and focus on fisheries than financial sector imo.  Which is a drop in the ocean compared to the latter, forgive the pun. 

I think this article can explain why many in fishing communities saw our membership of the EU as an issue.

https://www.bbc.co.uk/news/stories-54756574

I had relatives in the industry and saw first hand how it affected them. In many places also, for every boat employed you can reckon on a considerable number of additional jobs supported, from dockers in the ports, small fishmongers in the local towns, to processing, transport etc.

How did it help to mess up their trading relationship with their main customer? It seems that the EU bought about half of the UKs total catch.

Now, that is correct, just less than 50% of the fish landed in the UK is exported to the EU. However, in the 1970's through to the mid-1980's before the CFP, UK landings were around one million tons (including fresh and froxen, shellfish etc). landings have now declined to just over half that, and not all UK landings are by UK owned boats.

Once quotas came in, UK received a smaller allocation, so smaller operatives were assigned smaller pieces of the pie, which became uneconomic, and they sold out to larger outfits, who were not inclined to give up any of what they got.

If anyone is interested there is a feast of statistics here

https://www.gov.uk/government/statistics/uk-sea-fisheries-annual-statistics-report-2019

https://webarchive.nationalarchives.gov.uk/20140508034354/http://www.marinemanagement.org.uk/fisheries/statistics/annual_archive.htm#1970

csgohan4

Now with the fishing red tape, alot of that catch will go to waste/ incur significant on costs, sadly and for what? To have a nominal say over sovereignty? 

Who's going to buy our fish if they have to pay VAT on it, when they can get it without this cost elsewhere, In the EU? Not to mention the delays causing the stock to be not so fresh anymore due to the supplier having to go through a 71 page document.