Monday, 20 August 2012

What has this got to do with the price of fish?


The report linked below states that the UK cannot supply enough fish from its own waters to meet demand. It uses the idea of a day in the year when we have eaten our years supply of fish - in 2012 that is August 21st.

Of course it does not work like that, each day Britain consumes, on average, about one third more fish than we catch.

The situation is complicated by quotas, which are aimed at preserving fish stocks.

Read the article and consider:

1. What should happen to the price of fish in the UK as a result of this 'excess demand'

2. Is it bad to import fish?

3. What happened to the fish? Britain used to be able to catch more than enough from her own waters.

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2 comments:

  1. Anonymous4 September 2012 at 12:32

    If this situation was handled correctly wouldn't it provide lots of jobs in the transport industry to those who are uneducated and cannot acquire solid jobs at the moment? So it would help a lot of people who would otherwise be unable to secure a strong income.
    But it is worrying that we import this much as there have been massive cuts all over the country in far more essential sectors such as the NHS and other important areas, and I think that cuts would be far more appropriate in a less essential area such as cod imports. Granted it would raise the price of cod for the people, but I believe among with many others i bet, that everyone would rather a cheaper and more effective health service than cheaper cod on friday.

    -David Witchell (i couldn't get my account to work with the website)

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  2. Unknown9 September 2012 at 13:06

    The price would rise, because of excess demand. Importing more fish would be a good thing because it means we could cope with the supply and keep prices low which benefits the consumer.

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