Back when the first Deadpool movie was released there was a big fuss over the fact it was aiming for a 'R' rating in the US, rather than the PG-13 rating the studio wanted to try and maximise commercial appeal. So it was big news when it was announced that a PG-13 cut of Deadpool 2 was announced, containing less blood, less swearing, and fewer conversations about the 'prison wallet'. Sadly Once Upon a Deadpool, as it's now known, will not be getting a lower rating here in the UK.
For those that don't know the American 'R' rating prohibits anyone under the age of 17 from seeing a film unless they're accompanied by an adult. A '17A', so to speak. In many cases that translates to a 15 rating here in the UK, though a few do get past the BBFC with a big red '18' sticker slapped on the front. Deadpool 2 was no expectation, and it was assumed that the new cut would get a 12A rating - which is generally what happens to films rated PG-13 in the states.
That's not the case, however. The BBFC has stuck with the original rating for many of the same reasons as the original cut, including 'strong violence' and 'crude humour'. There's no mention of language on either classification, so clearly he BBFC was more focused on the violence and dick jokes than they were with Cable calling Deadpool a pussy. I can only assume seeing Wade's regrowing baby legs (and penis) classifies as 'crude humour'.
While Fox probably isn't happy with this, it has been pointed out that the re-cut hasn't been as watered too much. Then again there is a bit of a precedent for the BBFC granting 15 ratings to PG-13-rated hero flicks. Venom is the probably the best recent example.
We're going to have to wait and see what happens to the final product, and in the meantime here is the very first trailer: featuring Fred Savage reluctantly reprise his role from The Princess Bride.