UK PM Spokesperson does not rule out UK rejoining EU

The substance, if any, would come not from rejoining rhetoric but from incremental steps on the practical frictions of the current relationship, such as veterinary alignment, youth mobility, or defence cooperation, which is where this government has historically chosen to move and where market effects would actually transmit. For sterling the relevant channel is not a hypothetical accession but any narrowing of trade frictions with the largest export market, which past episodes suggest re-prices the currency only when tied to a concrete negotiating track or summit communiqué rather than to lobby rhetoric. The distinction worth drawing is between substantive divergence concessions, which tend to be negotiated slowly and priced gradually, and pure signalling, which has typically faded within a session. Follow-ons worth noting are whether ministers repeat or row back the formulation, whether Brussels reciprocates with any indication of openness, and the scheduled calendar of UK-EU summits and reviews built into the existing agreement. As it stands this is a quote, not a policy event.