Will Britain go back into the EU without British veto?
At this point in time, a returning Britain could be in a much worse position than before. No veto, no rebate and the threat of majority vote to replace unanimity vote regarding major decisions.
The unassailable City of London will be forced to see Frankfurt as a threat. Fiscal discipline, very much as it happens when the ERM (Exchange Rate Mechanism) was around could put Britain in a financial straightjacket. And what would happen to the Bank of England as an independent body?
We would go back to a system that prevented states from subsidizing companies. But there is a lot more going on.
There are fundamental issues to consider. Devolution, Good Friday Agreement, legislation that will limit the capacity of regional and national parliaments to issue legislation that could contravene measures and legislation adopted by the European Union.
And unavoidably, Britain would have to consider the independence of its Armed Forces and immigration policies.
The number and complexity of issues is so vast that it is difficult to even enumerate them in a very brief article.
The subject resurged when Andy Burnham stated that "Britain could go all the way". From a legal standpoint, would another Referendum be needed? The Labour Prime Minister could state that since the Labour Party has such big majority then Parliament will decide. North of the border in Scotland, the SNP has always been about rejoining EU. In Wales, will Plaid Cymru be against it? In England, Labour, Lib Dems and Green might be all for it.
This leaves parts of the Conservative Party, Reform and Restore against rejoining EU. UKIP, Brexit Party, then Reform and Restore and so forth, always stood on the fringes and rejoining EU would be a way to neutralize the likes of Reform and Restore. Without a Referendum, Reform, Restore and segments of the Conservative Party would have to rely on MPs.
Expected to be pro-Rejoin:
Labour 403, Liberal Democrat 71, Green Party 5, SNP 5, Plaid Cymru 4 = 488
Expected to be pro-Region:
We do not know how many of the 118 Conservatives will oppose pro-Rejoin. Reform 8, Restore 1
So an absolute massive majority pro-Rejoin. A vote pro-Rejoin could put an end to any hopes Reform, Restore and others might have to progress in British politics.

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