Reuters reports that Chancellor of the Duchy of Lancaster Michael Gove said that Britain sees scope for a compromise on fishing in Brexit trade negotiations.

"I think there can be scope for compromise but the compromise exists on the way in which European boats can continue to access UK waters," Gove told.

"But what is not up for compromise is the principle that the UK will be an independent coastal state, and that it will be a matter for negotiation between the UK and the EU, with the UK in control of our waters," Gove said.

"You know, countries like Iceland and Norway, even jurisdictions like the Faroes have control over who enters their waters," Gove said.