Senior European source tells me Boris Johnson is willing to accept that the EU hands back just 25 percent of the value of fish it catches in British waters, over a 5.5-year transition period. The UK was previously insisting on 35 percent, over three years.
Seen as a significant concession by the EU side, and likely to anger Brexiteers in Britain.

EU source says: 'Big move by Johnson.'
Delving deeper, the PM can say he's reclaimed control of British waters. After the transition, the UK Gov will be free to decide access. It appears EU has given way on its 'punishment clause' demand that would see Britain slapped with tariffs if EU boats lose access in future.
It is also worth noting the EU was previously asking for 15-18 percent, phased in over a 10 years. Looks like a good deal on fish, and has been used tactically to secure a number of concessions across the deal.
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