The Consequences of Brexit [part 4]

[tzijlstra]

God , lighten up

 

Don’t like being put right, do you? Are you the sort of person that would go home after class telling his buddies how daft the teacher is for failing you?

 

Now how about that legislation or indeed evidence that Grimsby getting a fishing fleet is going to fix the UK? Same question of dear old retep.

[retep]

Don’t like being put right, do you? Are you the sort of person that would go home after class telling his buddies how daft the teacher is for failing you?

 

Now how about that legislation or indeed evidence that Grimsby getting a fishing fleet is going to fix the UK? Same question of dear old retep.

 

The fishing fleets of the UK will take some making back, meanwhile I hope the government screws the EU for fishing rights, every little bit helps.

[Lockdoctor]

The fishing fleets of the UK will take some making back, meanwhile I hope the government screws the EU for fishing rights, every little bit helps.

Sadly for the UK fishing industry they contribute just 1% of UK GDP. The industry fear they will not be protected or given help as consequence of Brexit negotiations unlike the motor industry sector. This is an interesting article in the link below .

 

Having your fish and eating it too

 

http://www.bbc.co.uk/news/uk-scotland-scotland-politics-43226420

[altus]

A question is not a claim.

You undermined any pretence that it was just a question when you posted:

Not the UK.

 

Have you found the fleet yet.

The UK fishing industry is more than just boats operating out of one port.

 

Some reading for you:

 

House of Lords brexit fisheries investigation: Fisheries and trade

 

A very comprehensive investigation into The Economic Impact of Brexit Across UK Fishing Fleets.

 

The only way the latter sees brexit being a net benefit for UK fishing is if the government prioritises it in negotiations over every other sector of the UK economy - which is simply not going to happen.

[tzijlstra]

The fishing fleets of the UK will take some making back, meanwhile I hope the government screws the EU for fishing rights, every little bit helps.

 

And then what? Empty the seas like was being done before the fishing agreements the EU put in place? Excellent strategy there Peter, I wish we could all be as enlightened and forward thinking.

[I1L2T3]

If we’re honest the fishing industry is just symbolic of the idea that we’ve lost control and perhaps territory. In economic terms it’s low as a priority so we have to be careful not to focus on that to the detriment of other goals. It quite simply isn’t the most important thing.

 

Iceland, which has more extensive deep sea fisheries than us, exports about $3bn of seafood a year. In Iceland that adds $6,000 to GDP per capita. In the U.K. given our must bigger population it would add about 50 quid per capita.

 

We should also remember that the greatest damage to the U.K. fishing industry happened because of the cod wars. In the 60s and 70s the lads at Grimsby and Hull weren’t just fishing the North Sea but also heavily fished the seas around Iceland - it was loss of those rights that caused most of the damage to the industry in the 70s. And that was acknowledged recently in the compensation from the U.K. government for fishermen who had their livelihoods damaged by the cod wars.

 

Perspective is everything.

[chalga]

If we’re honest the fishing industry is just symbolic of the idea that we’ve lost control and perhaps territory. In economic terms it’s low as a priority so we have to be careful not to focus on that to the detriment of other goals. It quite simply isn’t the most important thing.

 

Iceland, which has more extensive deep sea fisheries than us, exports about $3bn of seafood a year. In Iceland that adds $6,000 to GDP per capita. In the U.K. given our must bigger population it would add about 50 quid per capita.

 

We should also remember that the greatest damage to the U.K. fishing industry happened because of the cod wars. In the 60s and 70s the lads at Grimsby and Hull weren’t just fishing the North Sea but also heavily fished the seas around Iceland - it was loss of those rights that caused most of the damage to the industry in the 70s. And that was acknowledged recently in the compensation from the U.K. government for fishermen who had their livelihoods damaged by the cod wars.

 

Perspective is everything.

 

It was Ted Heath who sold UK fishing out when he sacrificed it to join Europe in the first place,giving access to UK fishing grounds in return for nothing,and then trying to cover up what the effects would be,so the stitch up was UK created on entry to Europe,so the UK are quite liable to stitch up the industry on exit from the EU if they show the same negotiating ineptitude they did when joining.

[Lockdoctor]

If we’re honest the fishing industry is just symbolic of the idea that we’ve lost control and perhaps territory. In economic terms it’s low as a priority so we have to be careful not to focus on that to the detriment of other goals. It quite simply isn’t the most important thing.

 

Iceland, which has more extensive deep sea fisheries than us, exports about $3bn of seafood a year. In Iceland that adds $6,000 to GDP per capita. In the U.K. given our must bigger population it would add about 50 quid per capita.

 

We should also remember that the greatest damage to the U.K. fishing industry happened because of the cod wars. In the 60s and 70s the lads at Grimsby and Hull weren’t just fishing the North Sea but also heavily fished the seas around Iceland - it was loss of those rights that caused most of the damage to the industry in the 70s. And that was acknowledged recently in the compensation from the U.K. government for fishermen who had their livelihoods damaged by the cod wars.

 

Perspective is everything.

The reality is Iceland won the Cod War and catch 95% of the fish in their own waters, while UK fisherman catch less than 40% of fish in their own waters. The reason Iceland won the Cod War is because they are not in the EU and the UK have been in the EU.

 

The best the UK fishermen can hope for as a result of Brexit negotiations is being allowed to catch more fish than they are currently allowed to, in their own waters. After Brexit Iceland will still be flying cod into Humberside Airport, which is not going to help increase the amount of local fishing boats landing cod at Grimsby docks.

[retep]

And then what? Empty the seas like was being done before the fishing agreements the EU put in place? Excellent strategy there Peter, I wish we could all be as enlightened and forward thinking.

 

The only ones emptying the seas are the EU, most of the fish caught in UK waters goes to the EU, that degree isn't doing you much good.

[I1L2T3]

The reality is Iceland won the Cod War and catch 95% of the fish in their own waters, while UK fisherman catch less than 40% of fish in their own waters. The reason Iceland won the Cod War is because they are not in the EU and the UK have been in the EU.

 

The best the UK fishermen can hope for as a result of Brexit negotiations is being allowed to catch more fish than they are currently allowed to, in their own waters. After Brexit Iceland will still be flying cod into Humberside Airport, which is not going to help increase the amount of local fishing boats landing cod at Grimsby docks.

 

Indeed. So even if we get increased rights in U.K. waters there is not going to be a radical change. Remembering of course that the U.K. is at risk of disintegration with Scotland leaving and in addition special economic status being granted to NI. The exclusive U.K. (I.e. England and Wales) fishing rights could be reduced to a very small area.

 

——————-

 

On the subject of financial services my firm is going to be even busier.

 

https://www.theguardian.com/politics/2018/mar/04/theresa-may-rules-out-city-firms-passporting-after-brexit

 

This is the clarifying position our clients have been asking for, and in term of slowing down the exodus of operations we are seeing for companies that want to secure the EU portions of their businesses it is the wrong one.

 

Busy times ahead for us. I’d best get an early night tonight.

Edited March 4, 2018 by I1L2T3