Brexit. Why do Brits want Out of the EU?

My guess:
May as PM will set up a new government department, working tirelessly on the mechanics of leaving (costing a great deal of money) which will run for 6-9 months until people get fed up with the whole idea and the Establishment comes up with some fudge as to why it would be better to remain. (Which is how May voted on 23rd June!)

Surely a possibility. Another possibility is that in 9 months the predicted collapse of the UK/world economies turns out to be a blip on the screen that they have been over for months, and people decide to press on with the Brexit.

And perhaps courts have to decide, if a parliament decision is necessary.

Neither courts nor referenda enact legislation.

The law company Mishcon de Reya is currently considering action which could go to the High Court and then to judges in the Supreme Court. Their position is that the law requires that Parliament give the Prime Minister authorisation to issue a declaration under Article 50.

It is being said that the government can trigger Brexit under article 50 of the Lisbon treaty, merely by sending a note to Brussels. This is wrong. Article 50 says: “Any member state may decide to withdraw from the Union in accordance with its own constitutional requirements.” The UK’s most fundamental constitutional requirement is that there must first be the approval of its parliament.
[...]
Our democracy does not allow, much less require, decision-making by referendum. That role belongs to the representatives of the people and not to the people themselves. Democracy has never meant the tyranny of the simple majority, much less the tyranny of the mob (otherwise, we might still have capital punishment). Democracy entails an elected government, subject to certain checks and balances such as the common law and the courts, and an executive ultimately responsible to parliament, whose members are entitled to vote according to conscience and common sense.

The drop in the pound vs both the dollar and the euro has stabilized, ...

Worries about the economic impact of leaving the European Union hit Britain's property market and drove the pound to a new 31-year low on Tuesday as Conservative members of parliament began voting for a new prime minister

[...]The Professor of European Law at University of Liverpool advised the House of Commons Treasury Select Committee that membership of the European Economic Area would still see European law being given priority over British law.

“There is still an obligation for EEA states to respect the priority of EEA rules,” he told MPs in a fact-finding session on Tuesday.

“It’s not quite the same as the principle of supremacy of EU law for EU states, but it is still an obligation of priority for EEA rules to take preference over conflicting statutory rules within EEA states.”

He added: “In practice the scholarship from Norway and Iceland tell us there is not an enormous amount of difference from the effect of EEA law within those member states [and the effect of EU law in EU member states].”

Professor Dougan’s evidence also suggested that turning from Europe and towards other countries in the world would not allow Britain to escape being overruled by international courts.

He warned the MPs that that trade deals with any country would inevitably see Britain bound by some form of “independent judicial authority”. Examples of such courts include the so-called “investor state dispute settlement mechanism” being negotiated between the EU and US under TTIP.
[...]
Under the most likely scenario of EEA membership Britain would retain access to the single market, keep freedom of movement, and likely implement most EU rules. It would however not get MEPs in the European Parliament, a European Commissioner, or a minister around the table at EU institutions.

Though Britain would no longer be bound by the European Court of Justice – one of the institutions of the European Union – it would instead be bound by the Court of Justice of the European Free Trade Association States.

The drop in the pound vs both the dollar and the euro has stabilized, ...

Worries about the economic impact of leaving the European Union hit Britain's property market and drove the pound to a new 31-year low on Tuesday

he pound, which has borne the brunt of market concerns about potential damage to the British economy, fell below $1.31 for the first time since 1985, and is now trading about 12 percent below its pre-referendum levels.

6/20/16 - Before Brexit
Euro..........$1.132
Pound.......$1.469

6/29/16-A few days after Brexit
Euro.........$1.102
Pound......$1.322

Today
Euro.........$1.113
Pound......$1.307

it's a great time to visit England if you're a tourist (yay McGentrix and family) and flight tickets are a terrific deal

the Pound is still in a bit of a mess