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Britain has rejected Michel Barnier’s fishing plan as “insufficient” after Brussels offered £ 90 million in exchange for access to British waters. Boris Johnson’s team has called the figure proposed by Brussels as “too low” and “insufficient”, as Britain demands that the EU increase its offer if its fishermen want access next year. According to RTE’s Brexit Republic podcast, Barnier suggested offering around 15 per cent of the total value of catches from European vessels in UK waters each year as payment to the UK, which would amount to £ 90 million.
Europe editor Tony Connelly explained: “Barnier has spoken about the € 650 million worth of fish caught by the European fleet in British waters.”
“They want to take that and see how much of that can be passed on to UK ships.
“So what if the EU said it can get € 100 million of that back as a bundle of value that it can get by showing that this is the value we are getting from Brexit in terms of how much fish we can get?
“The theory is that it would give the UK a tangible profit in equity stocks while allowing EU fleets to maintain a significant amount of access to UK waters and a significant portion of fishing quotas.”
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He added: “It’s probably not enough if that’s the way we’re going, but that’s the direction of the journey in terms of reaching an agreement.”
EU officials also acknowledge that this figure would be too low for London to accept.
One official told RTE: “If the broader negotiations go well and there is a possibility of an agreement there, then at some point someone will say, okay, enough is enough, let’s divide the difference.”
Connelly said EU leaders have admitted that “it will suffer a drop in quota.”
The President of the European Commission and the Prime Minister highlighted the controversial issues of the EU’s access to British waters and the agreement on future rules to ensure fair competition.
Both sides agreed that negotiating teams would resume talks in London on Monday.
The subject of fishing has become a major obstacle in the talks.
Earlier this week, French fishermen warned of possible blockades of British products in the port of Calais if no agreement is reached.
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