Skip to content
City PM
  • Germany
  • France
  • Europe
  • Markets
  • Business
  • Opinion
  • DE
  • Germany
  • France
  • Europe
  • Markets
  • Business
  • Opinion
  • DE
Tuesday 22 December 2020 5:32 pm  |  Updated:  Tuesday 22 December 2020 5:49 pm

Brexit: Barnier says progress made but fisheries still holding up deal

By: James Silver

Add as a preferred source on Google
Newlyn Fishing Port Prepares For New Rules Post-Brexit
(Photo by Hugh Hastings/Getty Images)

Michel Barnier has told EU Ambassadors that progress has been made towards a Brexit deal, according to multiple reports.

However, fisheries remains the key stumbling block and as a result there is now doubt that a deal will be ready in time for the December 31 deadline.

Barnier is reported to have said that his offer on fisheries – that the EU would hand over 25 per cent of the value of fish caught in water by EU boats – is non-negotiable.

The UK is said to have demanded 35 per cent.

Read more: City analysts await Brexit deal that makes too much sense not to do

He also is said to have told diplomats that the deal excludes access to a buffer zone between 6 and 12 miles from the UK coast.

Michel Barnier tells EU ambassadors his offer on fisheries, ie 25pc of the value of the fish caught in UK water by EU boats, is final, rejects the UK's 35pc offer. Diplomat says a deal is close but the "overall balance" regarding fisheries and other issues "not there yet"

— Tony Connelly (@tconnellyRTE) December 22, 2020

There are 6,000 fishing boats in the United Kingdom. The European Fisheries Alliance, which represents fisherman in the Netherlands, Belgium, Spain and vitally France, represents around 18,000 fishermen.

The European Union’s population, excluding the UK, is 446m.

Earlier Barnier said it was time for a “final push” on negotiations and rubbished any possibility of an extension to the transition period.

The UK “will leave” the customs union on December 31.

Read more: One ‘final push’ for a deal, says Barnier

Read more

Brexit 10 years on: Labour’s EU reset deal is ‘no growth strategy’

According to a new report from UK in a Changing Europe (UKICE), UK services trade has been more resilient than almost all other advanced economies.

Share this article

  • Facebook
  • X
  • LinkedIn
  • WhatsApp
  • Email

Similarly tagged content:

Sections

  • Markets & Economics
  • News

Categories

  • Business
  • Economics
  • Politics

Related Topics

  • Brexit

Trending Articles

  • Citroën 2CV returns as a £13,000 electric car, and the timing is no accident

  • The former African gold miner taking on the billionaire Issa brothers

  • Wimbledon: HMRC set to slap Sinner and Noskova with £1.6m tax bill

  • Barclays and Lloyds back calls to digitalise UK markets and unlock £33bn boost

  • Rachel Reeves to unveil next steps for ring-fencing reform at Mansion House

More from City PM

  • Brexit 10 years on: Labour’s EU reset deal is ‘no growth strategy’

    Politics
    According to a new report from UK in a Changing Europe (UKICE), UK services trade has been more resilient than almost all other advanced economies.
  • Starmer agrees investment deal with Japan as EU deal questioned

    Politics
    UK and Japan leaders discuss bilateral trade agreements at a high-level government meeting in London.
  • Gulf trade deal: Britain should learn from the success of Dubai

    Opinion
    Dubai skyline featuring iconic skyscrapers and modern architecture under a clear blue sky, showcasing the citys urban land...
  • ‘Not all sunlit uplands’: Pub bosses weigh in on whether Brexit leaves a bitter taste

    Hospitality
    Tim Martin speaking at a business conference, standing at a podium, discussing economic trends and strategies for growth
  • As it happened: FTSE 100 finishes higher as US-Iran talks progress and Starmer resigns; Space X shares fall after bond sale

    Markets
    Aerial view of ships navigating the strategic Strait of Hormuz, highlighting its importance to global maritime trade routes
  • Brexit 10 years on: Business does not want a referendum rerun, says CBI chief

    Business
    CBI Chief Economist Newton-Smith addressing economic trends at a business conference podium with charts in the background
  • On this day: Brits vote in referendum that changes everything

    Opinion
    UK flag and EU flag waving side by side, symbolizing Brexit referendum discussions and future political relations.
  • UK firms ‘bracing for change’ as Trump revives tariff threat over Big Tech tax

    Tech
    Donald Trump addressing media at a press event, wearing a suit and tie, with reporters and cameras in the background.

City PM — European politics, business and analysis.

Europe

  • Germany
  • France
  • Europe
  • UK & Ireland

Topics

  • Business
  • Markets
  • AI
  • Technology
  • Opinion
  • Energy

More

  • Politics
  • Economics
  • Fintech
  • Legal
  • Sport
  • Life

Company

  • About City PM
  • Editorial Policy
  • Corrections
  • Contact
  • Terms of Use
  • Privacy Policy
  • Cookie Policy
© 2026 City PM · Published by CityPM Media, Bahnhofstrasse 65, 8001 Zürich, Switzerland
About · Editorial Policy · Corrections · Contact · Privacy · Facebook