Reply to: So here is how it plays out.

[original PM]

The UK has the EU's third largest fishing quota, behind Denmark and Spain.
Fishing quotas were divised in the 1970s in the run up to the Common Fisheries Policy.
Alas, in the early 1970s, the UK fishermen were busy plundering the waters of Iceland rather than Britain, so we ended up with a lower quota than we should have done.
(It is, of course, OK for British fishermen to steal other fish).

In keeping with British tradition, a 'quick buck' is more preferable and so many British fishermen sold their British fishing vessels and quotas to foreigners, which is why foreigners operate British fishing boats and fish their quotas. Perhaps the British fishermen shouldn't have done this?

In 2017, "11,700" fishermen were active in the UK, about 1 in 6 were part time.

In 2017, British vessels caught 724,000 tonnes of fish in the UK and elsewhere. (Remember, foreigners are in our water, but we're also in non-British water. 80% of fish caught by British vessels were in British water, 13% in EU27 water). Britain exported 460,000 tonnes of fish, and imported 705,000 tonnes.

(In comparison, Airbus employes 10,000 people to build wings in Chester and Bristol)

https://assets.publishing.service.go...stics_2017.pdf

The UK fishing fleet has huge EU quotas for catching fish outside of UK waters. For all their moaning, I suspect they don't really want to lose access to rEU waters.

A lot of the reason for 'fishing' in Icelands waters was actually because they would be fishing outside of Icelands waters but when the weather turned bad they would need to run to an Icelandic port.

Iceland then bought in the 50 mile barrier - which then meant that the Icelandic ports were out of reach should the weather turn bad so it had quite an impact on fisherman - and their safety.

[Whorty]

Failure to understand maths, economics, commerce, and the english language, tells me that minestrone must be a leaver

Given what he was posting yesterday, he must have been drunk!

[motoukenin]

Failure to understand maths, economics, commerce, and the english language, tells me that minestrone must be a leaver

[Zigenare]

(In comparison, Airbus employes 10,000 people to build wings in Chester and Bristol)

How much fish do they catch, and where?

[chopper]

The UK has the EU's third largest fishing quota, behind Denmark and Spain.
Fishing quotas were divised in the 1970s in the run up to the Common Fisheries Policy.
Alas, in the early 1970s, the UK fishermen were busy plundering the waters of Iceland rather than Britain, so we ended up with a lower quota than we should have done.
(It is, of course, OK for British fishermen to steal other fish).

In keeping with British tradition, a 'quick buck' is more preferable and so many British fishermen sold their British fishing vessels and quotas to foreigners, which is why foreigners operate British fishing boats and fish their quotas. Perhaps the British fishermen shouldn't have done this?

In 2017, "11,700" fishermen were active in the UK, about 1 in 6 were part time.

In 2017, British vessels caught 724,000 tonnes of fish in the UK and elsewhere. (Remember, foreigners are in our water, but we're also in non-British water. 80% of fish caught by British vessels were in British water, 13% in EU27 water). Britain exported 460,000 tonnes of fish, and imported 705,000 tonnes.

(In comparison, Airbus employes 10,000 people to build wings in Chester and Bristol)

https://assets.publishing.service.go...stics_2017.pdf

The UK fishing fleet has huge EU quotas for catching fish outside of UK waters. For all their moaning, I suspect they don't really want to lose access to rEU waters.

[Whorty]

So like you are saying that the total 'value' of the product is not the sale price of the raw material?

We might be getting somewhere here.

This is priceless - I'm loving this thread

[meridian]

So like you are saying that the total 'value' of the product is not the sale price of the raw material?

We might be getting somewhere here.

The total value of the product within the fishing industry is the catch plus processing. Once it leaves processing it leaves the fishing industry and enters the retail industry.

On the plus side: the catch that is sold outside of the U.K. is also counted.

I’m done here now, it’s as pointless as trying to explain calculus to a 3 year old.

[sasguru]

So like you are saying that the total 'value' of the product is not the sale price of the raw material?

We might be getting somewhere here.

Feck me you make mince look like Einstein.

[minestrone]

Yes, it's fish. But you do realise that the fish in Tesco has been cleaned, chopped up, frozen, packaged etc? It doesn't come out of the sea like that.

So like you are saying that the total 'value' of the product is not the sale price of the raw material?

We might be getting somewhere here.

[Uncle Albert]

Is it not fish?

Yes, it's fish. But you do realise that the fish in Tesco has been cleaned, chopped up, frozen, packaged etc? It doesn't come out of the sea like that.

[Hobosapien]

The vote will be on March 29th.

Yep with just enough time left for May to tell Parliament it's her deal or no deal. The proverbial gun to their head.

Though as we seem to be heading for a worldwide recession due to all the fake boom of the last 10 years ('no more boom and bust' ) due to money printing following the 'great financial crash', 2019 may be the best time to reset the trade deals from scratch while there is relatively little trade happening.

[minestrone]

Seriously? You seem to be suggesting that the retail price of fish sold by Tesco’s should be counted as fishing industry GDP? Is that right?

Is it not fish?

[meridian]

GDP is turnover. The total sale price to the customer.

Seriously? You seem to be suggesting that the retail price of fish sold by Tesco’s should be counted as fishing industry GDP? Is that right?

[sasguru]

While you’re preparing your walkthrough on GDP, prepare a couple of slides on the difference between Wholesale and Retail.

That's not fair. Humiliating minestrone intellectually is a bit like beating up a one-legged dwarf. Just not sporting.

[minestrone]

While you’re preparing your walkthrough on GDP, prepare a couple of slides on the difference between Wholesale and Retail.

GDP is turnover. The total sale price to the customer.