Another of my associates cracked this during a very productive dinner party: The government should offer one-year licences to fish in British water, with a renewal option, to British firms which use British boats and British crews and pay British taxes in full.
The licences should be on a ‘use it or lose it’ basis, which would prevent companies which don’t actually catch fish from selling quotas to foreigners. Any unused quotas would be factored in to the conservation calculations used to set the following year’s quotas.
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