Earlier quoted context omitted.
> EU rules don't allow article 50 to be reverted Those rules can be changed by the unanimous opinion of European states. Practically speaking, the deal Britain had before is gone. It might be able to re-enter if it gives up its asterisks, though. Bone-headed move by its people, either way.
> Bone-headed move by its people By a minority I'd like to clarify. 51.8% voted for it, of a 72% turnout, of an electorate that is only around 69% of the population. That works out at around 25% of the population voting for it.
Certain demographics living outside of the UK - who are normally allowed to vote in elections - were excluded from the referendum vote.
A non-trivial number of ballots for foreign residents were sent out too late to be counted.
The original Parliamentary Act for the referendum explicitly defined it as advisory.
Most referenda are run on the basis that a super-majority is required for any significant constitutional change.
The suggestion that the referendum was truly representative and binding is an horrific travesty of democracy.