Just to point something out⊠youâre criticising the EU, but then solely referring to issues with a shared currency.
âŠwhich the UK never joined - for good reason.
Membership of the EU brought benefits and disbenefits, but the Euro isnât a significant factor in Brexit.
Ultimately, the UK negotiated pretty good - almost a la carte - membership terms relative to other EU member states; staying out of the Euro was one such term. They were so good that many EU bureaucrats werenât too happy with the situation, and if we were to rejoin, those good terms wouldnât even be on the table.
I donât know if the UK will ever contemplate joining again. I think leaving, particularly without a deal on services is very risky, however I donât think the UK will join again in the future, it would be a bit of an embarrasment.
However if it does decide to âre-applyâ then I agree with you, the specific benefits it had are very very unlikely to be offered again.
I think the likely outcome is that it reaches more agreements with the EU as time goes own, and will probably align quite closely to the EU. It might even end up being a bit more of a âruletakerâ than it was whilst in the EU (instead of the rulemaker Brexiteers aspired it to be), but who knows. Time will say.
Indeed, since 1999, new member states have to sign up to the Euro. We only have some member states without the Euro because of legacy agreements. Some members like the UK chose not to, and new members like Poland are technically in the process of preparing for the change. But I am sure that the UK wil have to sign up for the Euro.
Schengen as well: they opted out but only because of their legacy agreements. A new membership will require signing up to Schengen. Note that Gibraltar has become part of Schengen since yesterday.