Boris Johnson in last-ditch effort for Brexit deal

The EU is considering a fresh proposal on fishing rights from the UK as PM Boris Johnson aims to secure an 11th-hour trade deal. The latest suggestion from Britain would see the EU reduce the value of the fish it catches in UK waters by about a third. Last week the UK was insisting the EU accept a 60% cut.

Both parties had signaled over the weekend that they could make no further compromises, but on Monday the UK offered to give further ground if the EU backed down in other areas, according to people familiar with the negotiations.

The EU told negotiators on Friday that a 25% reduction was its final offer and this was already difficult for countries including France and Denmark to accept. The Commission is liaising with national governments, particularly those that have big fishing industries, before responding, the people said.

Michel Barnier, the bloc’s chief negotiator, is scheduled to brief ambassadors from the 27 member states at about 4 p.m. in Brussels on Tuesday.

After another day of intense talks between negotiators in Brussels on Monday as well as consultations with senior figures in London, Paris and Berlin, the two sides were still not ready to reach a conclusion, officials said. Indeed, officials say talks could still collapse over a major disagreement about how far one side can retaliate if the other breaks the rules.

The UK has demanded the EU accept a five-year transition to the new arrangement rather than seven, the people said. The EU had initially called for 10 years to adjust and the UK had proposed three. “There have been successive proposals from the UK, sometimes on fishing, that don’t respond to European priorities and demands,” French Europe Minister Clement Beaune told reporters in Paris.

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