Britain still needs workable European relations because its neighbors are trading partners. The argument against rejoining the European Union assumes Britain could not recover its previous membership terms and would have to accept commitments including the euro. Keeping the pound is judged useful under the economic conditions at the time, with room for that judgment to change later. In this interpretation, British politicians repeatedly blaming the European Union helped produce the frustration behind Brexit.
Notable Point · 2:47:17-2:49:01
Brexit, the pound and European cooperation
The argument favors practical European cooperation while questioning re-entry terms that would reduce Britain's currency flexibility.