A quick hit from Prospect Magazine (February 26; in the April edition of the magazine):
Bigger quotas, but greater market risk—here’s what our new relationship means for the seafood industry
Britain has finally said “so along, and thanks for all the fish” to the European Union.
For many fisheries, the UK’s allotted EU quota (or Total Allowable Catch) was long a source of grievance over our bloc membership. As Boris Johnson brokered our new trading agreement in December, he went to the wire over fish: there was much trumpeting of a 25 per cent increase in quotas over five years. When this is broken down—highlighted here are changes for important species within particular quota zones—it seems like catches really are set to be appreciably bigger by 2026. So why all the news about stilled boats, raging protests and rotting catches?
* “Total value” is here defined to cover all landings by UK-flagged vessels both in the UK and abroad, as supplied by the seafood industry’s public body, Seafish
† Total and European share of exports both taken from separate official figures—published as “UK Sea Fisheries Statistics, 2018,” where treatment of overseas landings may differ
** Changes in quota here refer to specific zones, as shown in circles above; quota changes per fish stock vary depending on zone
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In addition to being the final note from the dolphins to earth upon their departure in Hitchhikers Guide to the Galaxy, the line has been used as the sign-off for a number of blogs including the Wall Street Journal's Environmental Capital (né Energy Roundup) and prior to that, upon David Gaffen's departure from the Journal's flagship online property, MarketBeat.
