Barnier set to make announcement at 3pm as top Tory says it’s time for NO DEAL

The EU’s chief negotiator is set to make an announcement on Brexit on Tuesday after a compromise from the UK on Fishing Rights.

The EU official is set to speak at 3pm (GMT) with an update on talks.

It comes after reports overnight on Boris Johnson’s new compromise on fishing arrangements.

According to EU sources, British demand for a 60% reduction in the catch by value in British waters had been reduced to 35% in a “final offer” from Number 10, close to the 25% reduction that Barnier had said he was willing to accept.

Senior Tories including Andrea Jenkyns have started to say that now is the time to move for No Deal as the EU intansigence continues

The Guardian reports that “Johnson has also accepted a five-year phase-in period for the new arrangements, with a compromise also likely on the application of tariffs or export bans on goods where fishing access changes after the phase-in period”.

Despite the significant shift from Number 10, EU officials say the bloc is likely to reject the concessions, as member states with large fishing fleets asked by Ursula von der Leyen’s senior team to think over the offer.

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