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Britain and Brussels appeared to be inching closer to an agreement on fishing last night after the EU offered fresh concessions.
Chief negotiator Michel Barnier originally offered to accept a cut of just 15 per cent in the EU’s quota of fish in British waters, phased in over ten years.
This was raised to 25 per cent over eight years, in what was said to be a ‘final offer’. But last night, there were reports that the two sides could settle on the EU handing over 35 per cent of its quota over five years. Future disputes would be settled by independent arbitration.