Definitely a bad idea.
The economic argument for the EU was too complex and the leave campaign turned the referendum into a "Immigration yes or no" question. They fed people's prejudice and told them what they wanted to hear, not what could realisticaly be achieved. A bit like Syriza in Greece with their bail-out referendum...
It has led to a political meltdown, stirred xenophobia, created division on the british society, alienated EU citizens legally living in this country and left UK citizens legaly living abroad in a limbo. And it has given a blow to the economy when we really did not need it. And, what is worst, the Torys are supposed to fix it.
So yes, remove red tape, such as maternity/paternity leave rights for people working on small bussiness (Andrea Leadsome), or de-regulate the city so the bankers can do more of the things that lead us to the financial crisis, while we wait that the Tory party members decide who the next PM is (so democratic).
Not the best of ideas, no.