No. It would hurt not only Uk's economy but also most of EU's economy.
How, say french PM, is going to justify to his ppl that they will suffer... say loss of 1% of gdp, just because politicians decided to teach British a lesson?
No politician would be willing to do this, that would be career suicide brought up every elections.
Plus bonus UK then gets a 'get-out-of-jail-free' card.
'Oh, the evil EU kicked us out without us having say, and now we are suffering. See how bad EU is' - Borris or another brexiter PM.
It's in the EU's best interest to treat this like a toddler's temper tantrum - wait it out and pretend it never happened when the screaming tapers off.