A Brexit reversal is on the table 10 years on from the vote that changed Britain. Here’s what’s at stake

Headline from CNBC · compiled from 3 sources

CNBC reports that U.K. Prime Minister Andy Burnham suggested this week that British voters could be given the chance to reverse Brexit[1]

According to CNBC, Burnham told the BBC on Wednesday it was "possible" a referendum on rejoining the EU could be included in a future election manifesto.[1] CNBC also reports that a U.K. general election is not currently expected before 2029.[1]CNBC reports that the prime minister told the BBC a referendum "wouldn't be the right thing to do right now"[1]. Business Standard reports that Burnham argued Britain must "consider the options" because "where we are isn't good enough"[2].According to CNBC, Burnham told the BBC's Today programme that Britain "could look at what [former finance minister] George Osborne has said about a customs union, we could look at… the single market or we could go all the way."[1]CNBC reports that the interviews followed his speech at Labour's annual conference on Tuesday, in which he said "Brexit hasn't given us control."[1]James Smith, an economist at ING, told CNBC that Burnham "faces the same constraints that have hemmed in previous leaders"[1]. Smith added that "it's not clear there is a majority in favor of rejoining."[1]Steve Nolan of Liverpool John Moores University told CNBC that some estimates suggest U.K. gross domestic product was 5% to 8% smaller than it would have been without the vote to leave the EU.[3] Nolan said there are "definite benefits to be reaped by rejoining, but the road towards that outcome could be rocky."[3]Business Standard reports that Nolan said Britain could face conditions on rejoining, including possible requirements relating to the euro and free movement of labour.[2]

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Sources

  1. [1]A Brexit reversal is on the table 10 years on from the vote that changed Britain. Here’s what’s at stake
  2. [2]10 years after Brexit vote, Britain weighs a 'possible' return to the EU | World News - Business Standard
  3. [3]Brexit reversal on the table 10 years on from referendum - News Beep | NewsBeep.com

Every sentence here reports what a named outlet said, with a link to it. Compiled by 93 from the reporting below.

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