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I think it's a sop to their supporters who don't want anything to do with Brexit - the 'liberal elite' or remoaniacs or whatever.
IMO it's a dumb position to take - if they were to wait until the last minute then veto May's deal (whatever she manages to scrape together) then they'd be painted as utter traitors; we'd still leave the EU but labour would be blamed for all the chaos that would follow a 'no deal' brexit.
I think they've squandered the most significant time to impact the brexit negotiation when Corbyn three line whipped his MPs.
I can't quite work out whether Labour are being disingenuous or dumb with their "not approving Brexit unless it gives the exact same benefits as being in the EU" stance.
Is it a tactic to allow them to vote against any deal and point back to that or do they really see a scenario where we leave the EU and and still keep all the same benefits?