Brexit trap: UK firms could be forced to pay up to £1.6bn if EU blocks deal

Brexit trap: UK firms could be forced to pay up to £1.6bn if EU blocks deal

The EU and the UK have resumed crucial talks in London this week, in what has been described as the last “major” opportunity to avoid a no deal scenario at the end of December. The bloc’s chief negotiator Michel Barnier is said to be offering to give Britain back 15 to 18 percent of the quota European fleets currently take from British waters. However, Downing Street is believed to want at least 90 percent returned to the UK – something Brussels views as “wholly unacceptable”.