Nigel Farage has slammed the new deal between the UK and EU, saying it was "the end" of the fishing industry.

It comes after Richard Tice suggested the deal was a "full on surrender" for British fishermen.

Reacting to the announcement of the deal, Farage, the Clacton MP, said on social media: "If true that will be the end of the fishing industry."

He told GB News the deal was "an abject surrender - the end of the fishing industry."

Nigel Farage holds a fish as he visits a fish processing factory in Grimsby

It comes after the deal has given European fishermen access to British waters for 12 years to secure his Brexit "reset" deal.

British and European negotiators have reached a "fish for food" deal granting EU fishermen fishing rights until 2038 in return for a veterinary agreement to boost trade.

Meanwhile, the Tories have also set out a series of "red lines" on fishing rights, including ensuring exclusive access to Britain’s territorial sea and resisting "a multi-year agreement which only benefits France."

The Liberal Democrats have called for a new UK-EU customs union, with Sir Ed Davey urging the Prime Minister to "ignore the dinosaurs fighting old battles."

Fishing has caused snags between the EU and UK

Speaking to business leaders in Downing Street, chancellor Rachel Reeves said the deal was "about bringing more good jobs to our country.

"It’s about reducing prices in the shops for consumers, as your costs fall as businesses, and, crucially, it’s about our defence partnership with our allies."

Downing Street sources told there LBC there was £360m extra for coastal fishing and that the EU tried to tie fishing deal to business agricultural checks in the overnight negotiations.