GBP is the fourth global reserve currency and financial services hover around 9% of our GDP so a move to a unified currency could have real material damage to our economy. Also as a nation that sees itself as a close ally of the US (regardless of what the US thinks) having independence on monetary policy is core to how we operate as a global power.

I can see a time when the Euro and full Schengen (although being an island nation that will always be hard) membership is desirable but that will come after we cease being what we currently are on the global stage - I hope it doesn’t get that far.

The post-Brexit decline we’re facing isn’t endless, eventually a new normal will be established but it will be far below the economic standard we could have had and will hurt us scientifically, culturally, and medically as well as economically. Having to also chuck out what is currently our only big industry to start to grow again is a big ask. Membership on closer terms but without an obligation to the Euro is probably what we will ask for when we eventually do, but there is no guarantee the EU will want us. Especially if we start to steal the finance jobs back from Frankfurt.

A lot of in-country resistance comes from the “EU Army” fallacy but that doesn’t worry me, closer integration is a good thing in my mind.

IIRC adopting the Euro (and changing the currency oc a country in general) costs a huge amount of money. Additionally the brits probably out a lot of pride in their currency, so the leap from "we're so great we don't need the EU and even are better off ourselves" to "we not only need the EU but the Euro as well" is even farther as just adopting a new currency or just reentering.

I'm of the same mindset, at least for now. It's a combination of 2 things.

Pride/ego is a big one for a lot of people.

The second one is the economic hit of the transfer. There will be 2 big jolts. Bringing our economic cycle fully into line with Europe, and the greedflation that will occur with the price changes.

Right now, we are in a bit of a crisis. The rich have pumped too much money up and out. The lower working class are right on the cliff edge economically. The jolt will be felt worst by them. Right now, I wouldn't be surprised if it could completely crash our economy.

Don't get me wrong, for the benefits of the EU, I'd personally swallow my pride on the matter. The economic effect would be scary, particularly with the current caliber of MP at the helm.