There is a smell of defeatism in the air, a widespread view that the people have spoken and that we must respect them and accept their verdict. What nonsense! There is nothing sacred about a referendum vote, any more than the result of a General Election. We Lib Dems cannot accept Brexit because it would be a calamity that would undo everything we have always fought for. Furthermore reversing Brexit is not a hopeless cause.
When the time is right, there is every justification for a new referendum. A referendum must offer a clear choice, which the last did not. When Theresa May says Brexit means Brexit, what does Brexit mean? Some Leavers want no more free movement of labour, which means no access to the single market. Others want access, which means the free movement of labour must stay. Indeed with only a very tiny margin in favour of Leave, far more votes were cast for Remain than for each of these two incompatible objectives of the Leave Camps.
A re-run is especially justified if there is a dramatic change in circumstances, such as a massive shift in public opinion. This is very likely. Most economists and every independent expert organization, the IMF, the IFS and the Bank of England, predict a serious recession. Leavers promised a future in the sunny uplands, and lots of new money for the NHS, not more austerity and severe cuts in spending. Now they may be ringing their bells, but soon they will be wringing their hands.