Brexiters betrayed: UK may trade fishing rights for financial services access post-Brexit

Fishing was a huge sticking-point for supporters of Brexit during the run-up to the referendum – and after.

But fishing constitutes a tiny part of the UK economy – around 0.1 per cent – while financial services are huge.

So it’s a no-brainer that the Tories are going to swap fishing rights for access to financial markets – even though it will infuriate the people who supported them.

To Brexiters, all I can say is: it is Brexit, boys and girls. Not the Brexit you wanted; just the Brexit you voted for.

Britain could end up giving EU fishing fleets access to its waters in exchange for favourable terms on the continent for City financiers, the bloc’s trade chief has suggested.

Phil Hogan, the Irish commissioner who will be one of the key figures in the next round of Brexit talks, said there would be “trade-offs” to make in talks with both sides seeking concessions in different areas.

The suggestion is likely to enrage Brexiteers, who see fishing rights as a major part of British sovereignty – despite the industry’s marginal role in the UK economy, accounting for just 0.1 per cent of GDP.

Source: UK could trade its fishing rights for financial services access after Brexit, EU trade chief suggests | The Independent

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12 thoughts on “Brexiters betrayed: UK may trade fishing rights for financial services access post-Brexit

  1. hugosmum70

    not quite sure what that would mean in terms of brits being able to buy fish for their own consumption/ we have been told by successive govts, drs.nurses, dietitions that we need to eat fish of varying types, especially salmon and oily fish like Cod ,both of which are in the more expensive range already and has been for cod isnt so easy for inland places to get.will this mean less fish for us? or more expensive fish of all breeds?if both ,which i suspect, i hope those in power cant get their fix of cavviar at all. would serve em right.

  2. Growing Flame

    I expect there will be a lot of this sort of report in the months to come. New developments that undermine the “take back control” fantasies. Reality has a habit of biting back.
    I would hope that Labour choose a leader who has the ability and willingness to raise these issues.

    Rather than avoid all reference to Brexit for fear of getting their fingers even more burned. But Johnson built his whole victory around “getting Brexit done” so this sort of issue is precisely his weak point.

  3. J Edingtonj

    Just like the farmers, they were well-warned. Some folk will never learn. I would say “serves them right”, but it is going to kill off the remains of those industries in Scotland, n areas where there is nothing else. Supposed to be devolved industries too.

  4. hugosmum70

    are you saying that all farmers and all fisherfolk voted tory? how do you know which community voted for which party?you know total numbers only. ,,,, loads of folk here voted labour or some other group other than tory. at least of those i know, but our labour candidate lost the seat she had kept for the last 12 or so years and for the first time since 1932 we have a Tory MP. bt i dont go blaming a particulour work group for it. political party yes but not a work group. be rather hard to do anyway as there are loads of different jobs in this area. *thats when there ARE JOBS at all.

  5. Mike Cuggy

    This is NOT what we ‘boys and girls’ voted for, you patronising … person.
    We voted to retain our fishing grounds and, if necessary, to use our navy to defend our territorial waters; we voted for our country to be in control of its borders, its money and its laws – and we didn’t vote to negotiate any of that.

    1. Mike Sivier Post author

      Well, it looks like you won’t be retaining your fishing grounds or using your navy to defend your territorial waters after this.

      Why are you calling me patronising when you just admitted voting for what I said you did?

      I know you voted for the other stuff too, and the article doesn’t say you didn’t.

      So exactly what kind of trick are you trying to pull here?

  6. Ian Wade

    It may be true that fishing currently only represents 0.1 percent of the overall economy but I see no reason why that figure couldn’t five fold or more if we were to multiply our own fleet and catch whatever fish our own quotas allowed for UK consumption AND export to the fish loving Europeans.

    1. Mike Sivier Post author

      Maybe. Have you made this point to Boris Johnson and or your own MP – if that person represents the Conservatives?

Comments are closed.