U.K.’s path back to the EU will hit hard post-Brexit realities

Spain and France may be projecting joy at the prospect of a U.K. homecoming, but officials are cautioning that unwinding Brexit will involve costs and sacrifices it’s not clear either side wants to bear. Prime Minister Andy Burnham touched off a flurry of speculation on Tuesday that he may campaign to re-enter the EU, before confirming he would discuss the prospect at an upcoming summit with the bloc’s leaders. Europe’s heavyweights quickly jumped on the opening.

Spain, Sanchez added, would “open its arms” to a U.K. reunion.