Tony Blair's campaign to prevent Brexit coming to fruition isn't done yet, as takes another step back towards the political sphere.

In an interview with The New Statesman, the former British prime minister said that UK could choose to remain in the EU if the people decided the costs of departure are too much.

Whilst he is back speaking publicly about political matters, the 64-year-old revealed that he would not be engaging in frontline politics because he feels "there's just too much hostility, and also there are elements of the media who would literally move to destroy mode if I tried to do that...

He is instead focusing on creating "the space for a political debate about where modern western democracies go and where the progressive forces particularly find their place."

Looking specifically at Brexit, he said:

"It can be stopped if the British people decide that, having seen what it means, the pain-gain, cost-benefit analysis doesn't stack up."

"Either you get maximum access to the single market, in which case you’ll end up accepting a significant number of the rules on immigration, on payment into the budget, on the European court’s jurisdiction. People may then say, ‘Well, hang on, why are we leaving then?’

"Or alternatively, you’ll be out of the single market and the economic pain may be very great because, beyond doubt, if you do that you’ll have years, maybe a decade, of economic restructuring."

Responding to the suggestion that the British public were aware of the risks before casting their ballot, he said:

"This is like agreeing to a house swap without having seen the other house... You’ve got to understand, this has been driven essentially ideologically.

"You’ve got a very powerful cartel of the media on the right who provided the platform for the Brexiteers who allied themselves with the people in the Tory party who saw a chance to run with this. And, OK, they ended up in circumstances where there was a very brutal but not particularly enlightening campaign. They won that campaign."

Attempting to set the record straight, he denied calling current Labour leader Jeremy Corbyn a "nutter" and current Conservative PM Theresa May a "lightweight".

He did admit that he does not believe Corbyn holds a position that is "either correct or one from which he can win an election" and bemoaned how "the leadership has been captured by the far left for the first time in the party’s history."

What he has in mind as he contemplates a second act in political life? Reviving the "progressive centre or centre left".