A deal could fall apart without fisheries

Speaking on Monday morning, Irish Foreign Minister Simon Coveney said that fishing is a more difficult issue than competition rules.

Without an agreement on fishing, “the whole thing could fall on the back of it,” he said, stressing the importance of this subject to the entire negotiating process.

“The quotas and the access — all of that is determined in Brussels and of course the U.K. government has said we have left the EU … and we want to able to regain control over our waters,” Georgina Wright, senior researcher at Institute for Government, told CNBC’s “Squawk Box Europe” on Monday.

She added that “if there is going to be a deal, it has to happen very soon and that’s because businesses need to prepare, so fishermen on either side need to know what’s what and what’s going to happen on the first of January.”

The EU’s chief negotiator, Michel Barnier, told journalists in London on Sunday: “Let us work, let us work,” according to Sky News in reference to the likelihood of a deal.

Before arriving in London for more talks, Barnier said Friday that the “same significant divergences persist.”

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