When UK Labour Regains Power, Should It Reverse Brexit?

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When the UK was in the EU, it secured a huge range of opt-outs, while enjoying all the benefits of the single market, and actively resisted initiatives to further federalize the union. Then, the UK's entire political establishment fall into disarray after 2016, and was in complete denial about its negotiating position. The consensus in Brussels when Brexit finally happened was that "whew, we've finally gotten rid of that prick, now let's get on with our real business".

So, a hypothetical Brejoin/Brentry will be far more difficult than just writing a contrite letter to Brussels. Brussels will demand that this time, the UK will not enjoy the opt-outs it had last time, definitely including the rebate and the single currency, though the Schengen Area could remain as an exemption due to geography. But that, in turn, will require the entire British political establishment to accept this new settlement, including the Tory Party, which has been at war with itself over Europe for the entirety of the UK's membership of the EEC.

If Brejoin/Brentry happens, it will be under a Tory government that doesn't fall into disarray.