Commentary: Is there a case for reversing Brexit?

Gideon Rachman, writing for the Financial Times, posits that the momentum for reversing Brexit is growing. Roland Lescure, France’s finance minister, echoed Andy Burnham, who suggested Britain should reconsider its relations with the European Union, and President Emmanuel Macron referred to the idea as “excellent”. Spain's prime minister, Pedro Sanchez, further suggested Britain would be welcomed back with “open arms”.

The discussion suggests a potential "cat-flap Brexit", where Britain might one day return to the EU. While the door to the EU is not as easily accessible as a cat flap, the political, economic, and strategic case for rejoining is strengthening. Opinion polls indicate that 59% of British people want to rejoin the EU, while only 32% are opposed.

A strong manifesto commitment on the EU could potentially boost Labour's vote percentage by four to seven points. However, the process of rejoining could be arduous, with numerous challenges such as budget rebates, opt-outs from the Schengen border-free zone and the single European currency, and potential reactions from hardline nations like France.

Despite these obstacles, the potential benefits for the EU and Britain are substantial, particularly in a time of increased global threats. The decision to rejoin the EU, however, depends on a clear mutual interest between both sides.