Because they weren't real wars, so there is no winning or losing. And because the UK at the time didn't want to sink any boats or cause any major diplomatic shit.
On the evening of 6 May 1976, after the outcome of the Third Cod War had already been decided, the V/s Týr was trying to cut the nets of the trawler Carlisle, when Captain Gerald Plumer of HMS Falmouth ordered it rammed. The Falmouth at the speed of 22+ knots (41+ km/h) rammed the Týr, almost capsizing her. The Týr did not sink and managed to cut the nets of Carlisle, after which the Falmouth rammed it again. The Týr was heavily damaged and propelled by only a single screw and pursued by the tug-boat Statesman. In this dire situation, Captain Guðmundur Kjærnested gave orders to man the guns, in spite of the overwhelming superiority of firepower the Falmouth enjoyed, to deter any further ramming.
@previous (B)
Not real wars yet managed to come out of it badly?
A multimillion-pound compensation deal and apology were granted by the British government in 2012 for fishermen who lost their livelihoods in the 1970s. More than 35 years after the workers lost their jobs, the £1,000 compensation offered to 2,500 fisherman was criticised for being insufficient and excessively delayed.[28]
I see this as a symptom of something systematically wrong with Britain at the time.
@526,424 (A)
Yes, just like "Thatcher closed the mines!" -- it was an industry in trouble at the time, regardless. Can't blame Iceland (though Iceland
do suck).