Brexit trade deal may be announced soon, or it might not. But it’s in many ways fitting that fishing rights are seen as the final hurdle to be cleared.
This one policy area — complex, emotive and wrapped in historical rights and grievances — encapsulates both what’s so infuriating about the European Union in the eyes of many Brits and the ineluctable realities of economic interdependence.
What surprises most people is how small the economic stakes are. While some $1.5 billion in fish is sold each way annually, fisheries account for just 0.12% of the U.K.
economy and employ only 24,000 workers. It’s a sardine-sized share of the EU’s economy too. A failure to secure a trade deal because of fish would probably indicate that one party wanted to.
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