Britain prepared to “go further than you normally do” in EU trade agreement, says David Frost

Brussels is planning to compensate those EU fishermen that are set to lose out from Brexit by handing them part of Britain’s old fishing rights in EU waters, as it seeks to unblock one of the toughest remaining issues in the future relationship talks between the UK and the bloc, the Financial Times reports.

Following talks in London this week, UK chief negotiator David Frost said that fishing rights remain the main outstanding issue in the negotiations, amid signs that Britain is prepared to cede ground to the EU on the other sticking point, state aid.

He told a parliamentary committee that Britain was prepared to “go further than you normally do” in a trade agreement and accepted the UK could benefit from a robust dispute-resolution mechanism on state subsidies. “I can see us being ready to use them just as much as the EU in future,” he said. “Other EU countries subsidise quite often more than we do and that could definitely have an impact on us.”

Talks will resume in Brussels on Monday.

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