Brexit trade deal: Who really owns UK fishing quotas?
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Many countries use them to manage shared fish stocks. They determine how many fish of each species each country's fleets are allowed to catch. Scotland, Wales and Northern Ireland all have their own quotas, each with different degrees of foreign ownership.Under plans outlined in the Fisheries Bill, which is currently going through Parliament, the government does not intend to return the foreign-owned quota to UK fishermen.
He added:"In future any foreign company that wanted to buy vessels in the UK might well be able to, but it would be subject to that new condition.""I'm alarmed at how bad the level of foreign ownership really is - it far exceeds my worst expectations," said Paul Lines, from Fishing for Leave, a pro-Brexit group within the British fishing industry.
Many parts of the quota were sold by English fishermen in the 1990s when fishing rights were cut dramatically. Cod fishing, for instance, was almost entirely stopped for several years. England and Wales, where a majority voted for Brexit, have both allowed foreign ownership of more than half their fishing quota.
"These businesses have developed the industry during the good times and have had the desire and resolve to hold on through difficult times, when others have not."The figures obtained by the BBC, in collaboration with the New Economics Foundation , reveal that a fifth of the annual value of the UK's overall quota is held by foreign-owned companies. The total annual value is just over £900m.
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