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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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