Brexit deal hopes snagged on fishing

Some call it "Happy Brexmas" but an EU-UK trade deal seems to have last-minute flaws.
Talks on a trade deal have come to an end and the UK will leave the single market and customs union by the end of the month.
Sources in London and Brussels said a deal was closed.
But press conferences expected on Thursday morning (December 24th) never took place.
EU sources say the fishing quota dispute is to blame and that there are now hours of more conversation going on.
However, there seems to be consensus on other sticking points, such as how to ensure a level playing field for competition between the two sides.
An agreement would avert the prospect of both sides of levying widespread import taxes from January 1st.
Topics such as security, transport and energy are also covered.
But even with a deal, companies will be confronted with new bureaucratic effort and new costs.
Further disruptions in the ports seem certain.
But most economists say the no-deal exit alternative looked a lot worse.
Video transcript
- Some call it Happy Brexmas, but a trade deal between the EU and the UK seems to have stalled at the last minute. Talks on a trade deal came to an end and the UK was due to leave the single market and customs union by the end of the month. Sources in London and Brussels said a deal was near.
But the press conference will probably never take place on Thursday morning. EU sources say the fight over catch quotas is to blame as there are now hours of more conversation going on, although there seems to be consensus on other sticking points, such as how to ensure a level playing field for competition.
An agreement would avert the prospect of both sides of levying widespread import taxes from January 1st. Topics such as security, transport and energy are also covered. But even with a deal, companies will face new bureaucratic burdens and new costs. Further disruptions in the ports seem certain. However, most economists say the no-deal exit looked a lot worse.

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