Story perspectives

Britain to consider EU rejoin, costing €5B yearly

By Drooid · Oct 1, 2026, 6:31 AM UTC · How we work

Summary

Story summary

Prime Minister Andy Burnham announced Britain will consider rejoining the European Union.
French President Emmanuel Macron called the prospect very good news but warned against selective membership.
EU officials estimate rejoining could cost Britain about £5 billion ($6.6 billion) each year.
EU would require freedom of movement but not participation in Schengen or adoption of the euro.
The UK-EU summit moved from July to November after Labour leader Keir Starmer resigned.

History

Historical Context

In 1975, Prime Minister Edward Heath led the United Kingdom to a second referendum on European Economic Community membership, resulting in a 67% “stay” vote. The referendum cost the government £2 million, and the campaign featured Labour leader James Callaghan opposing membership while Conservative MP Margaret Thatcher supported it. Today's Labour push to re-enter the EU mirrors Heath’s pro-integration stance, with Prime Minister Andy Burnham echoing calls for renewed partnership despite fiscal concerns. The 1975 outcome demonstrated that economic calculations and public sentiment can reshape sovereignty debates, suggesting any future accession will hinge on cost-benefit analyses and voter approval.

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Story summary

Prime Minister Andy Burnham announced Britain will consider rejoining the European Union.
French President Emmanuel Macron called the prospect very good news but warned against selective membership.
EU officials estimate rejoining could cost Britain about £5 billion ($6.6 billion) each year.
EU would require freedom of movement but not participation in Schengen or adoption of the euro.
The UK-EU summit moved from July to November after Labour leader Keir Starmer resigned.

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