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Revealed: the millionaires hoarding UK fishing rights

8th January 2021

Brexit stalled over fishing rights but in fact a very small number make the big profits from quotas.

Forget little local fishing boats and think huge companies and millionaire families as shown in this article.

Read these articles to see how it works.

https://unearthed.greenpeace.org/2018/10/11/fishing-quota-uk-defra-michael-gove/

http://www.marinet.org.uk/who-owns-the-uk-fishing-industry-and-its-fishing-quotas.html

https://unearthed.greenpeace.org/2019/03/07/fishing-brexit-uk-fleetwood/

Question - If quota licences were issued free of charge why did they acquire such a huge value and if a boat or company wanted to give up or transfer should the license not have reverted to the government for re-issue?

Question - Is it right that a company without a boat can make money from fish just by re-leasing the quota?