[cabalamat]

> They'll only let us back in the club if they choose to from now on

I think this is basically correct. I also think that if, before the 2 years are up, the UK changes its mind about Brexit, the EU would be very likely to allow its membership to continue.

[CaptainZapp]

I very much hope this to be the case. I just don't see it happening in the current political climate in England.

England probably would have to be prepared to lose a number of privileges should that happen.

It would certainly be the best outcome of a very bad situation.