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If Brexit stops, the red bus could become (a bit) more accurate

Britain could likely win back membership on its current terms but the tricky part would be the rebate

By Vicky Pryce   August 2018

Photo: Stefan Rousseau/PA Archive/PA Images

If Britain somehow pulled the plug on Brexit before 29th March next year, it could keep membership on its current terms. But the moment it formally leaves the club—even if only into a transition where little else obvious immediately changes—it will become a “third country,” and find itself having to haggle to get back to where it started.

The European Union could, in theory, be as intransigent about requiring the full terms—including a plan for euro membership—as any ordinary new member could expect.…

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