Could Britain really rejoin the EU?

Independent Thinking37mMay 22, 2026

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AI-Generated Summary

Ten years after Brexit, the UK’s relationship with the EU is back in focus—not as a political afterthought, but as a central strategic question. Once dismissed as a fringe idea, rejoining the EU is now a serious talking point within the Labour Party, driven by economic stagnation, a fractured political landscape, and a growing recognition that the UK’s post-Brexit 'independence' has delivered little tangible gain. The debate has been reignited by figures like Wes Streeting, who called Brexit a 'catastrophic mistake,' and Andy Burnham, who has tempered his earlier enthusiasm amid electoral pressure. Yet behind the rhetoric lies a deeper reality: the UK’s attempts to build new trade relationships with the US, Australia, and the Gulf have yielded negligible economic returns, while its security and defence ambitions are hamstrung by its exclusion from key EU initiatives like the SAFE defence fund. Experts argue that the UK’s current 'halfway house' options—customs unions, single market access—offer neither full market access nor true regulatory independence. Instead, full EU membership may be the only way to achieve meaningful integration on defence, economic growth, and geopolitical alignment in an era of US retrenchment and Chinese competition. Legal analysis suggests the UK could avoid joining the euro or Schengen through treaty-based opt-outs, but political will and EU acceptance remain the real barriers.

Key Takeaways
1

The UK’s post-Brexit trade deals, including with the Gulf and CPTPP, add less than 0.11% to GDP by 2036—effectively negligible.

2

The UK has failed to join the EU’s SAFE defence procurement fund, despite urgent security needs and shared threats from Ukraine and US strategic withdrawal.

3

Public opinion now shows a slim majority (59%) in favor of rejoining the EU, but electoral mechanics and political caution may prevent a referendum.

4

Legal analysis confirms the UK can avoid joining the euro and Schengen through treaty-based opt-outs, particularly due to the Good Friday Agreement’s protections.

5

The UK’s economic stagnation and low productivity are now seen as systemic, not temporary, making EU integration a potential catalyst for growth.

…and 3 more takeaways available in PodZeus

Chapters
0:00
2 min

Brexit’s Return: The Political Spark

Leaving the European Union was a catastrophic mistake. It left us less wealthy, less powerful, less in control than at any point before the Industrial Revolution.

Highlight
2:00
3 min

The Economic Reality: No Growth, No Gains

Experts dismantle the economic promises of Brexit, revealing that trade deals with the US, Gulf, and Asia-Pacific have delivered minimal benefits, while GDP remains 4% below pre-Brexit projections.

5:00
5 min

The Halfway House Illusion

The halfway house options don’t look like they particularly deliver the benefits of market access or significant regulatory and trade independence.

Highlight
10:00
5 min

Security & Defence: The EU’s Missing Partner

We're struggling to come together on defence and security without the US as either an underwriter, as the biggest vendor or as a coordinator through NATO.

Highlight
15:00
5 min

The Legal Loopholes: Schengen & Euro

The UK would not have to join the euro... because the UK is just simply not going to fulfil the Maastricht criteria, you know, which got sort of measures of debt and so on for at least 20 years.

Highlight
High-Impact Quotes
Leaving the European Union was a catastrophic mistake. It left us less wealthy, less powerful, less in control than at any point before the Industrial Revolution.
Wes Streeting0:37
Viral: 88.0
The world is colder than when the Brexit vote happened for the UK, for Europe as well, both in relations with the US and in the intense competition coming from China.
Ben Judah36:48
Viral: 87.0
a derogation the same thing? Basically, in legal terms. Because the UK is just simply not going to fulfil the Maastricht criteria, you know, which got sort of measures of debt and so on for at least 20 years.
Alan Beatty25:17
Viral: 85.0
Speakers

Host

Bronwyn Maddox

Guests

Olivia O'SullivanBen JudahAlan Beatty
Topics Discussed
uk eu rejoining95%brexit economic impact90%eu defence cooperation88%uk us relations80%eurozone membership75%schengen area70%uk trade deals65%political fragmentation uk60%
People & Brands

eu

organization

25xNeutral

uk

organization

22xNeutral

china

organization

7xNeutral

keir starmer

person

7xNeutral

wes streeting

person

6xNeutral

ukraine

organization

6xNeutral

andy burnham

person

5xNeutral

australia

organization

4xNeutral

safe programme

organization

4xNeutral

trump

person

4xNeutral

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