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I'm kind of thinking along the same lines - although I believe the 'crash out' seems the more likely.

Just as a point of interest - given that the only way I could see us remaining in the EU would be if that course was 'legitimised' by a second referendum - does anyone know how long it would take to put this in place (frame question, arrange date/polling centres etc)?

Depends if there's a will to do it I think. There are no constitutional requirements as to timing I think - as referendums aren't really part of our constitution.

With the PM saying there'll be no second referendum under any circumstances and as you say, Labour's unfathomable apathy, it's not looking too hopeful yet.