VIDEO • The cost of the Common Fisheries Policy on the British economy amounts to more than £11 billion per annum, UKIP MEP Gerard Batten said today in Strasbourg during the joint debate on fisheries.
He said the best estimate in lost catch alone is at least £3.6 billion a year, the cost of higher food bills around £4.7 billion, while subsidies, unemployment, wasted resources and red tape amount to about £2.8 billion per annum.
"The fishing industry has been devasted with over 97,000 jobs lost since 1973 in fishing and dependent industries," Mr Batten said.
"The knock-on economic and human costs are incalculable.
"The ecological impact of the CFP is a disaster. Over 880,000 dead fish are dumped in the North Sea every year.
"The solution for Britain is to leave the European Union, regain control of our territorial waters and restore sanity to a revitalised national fishing industry," Gerard Batten concluded.