I think we will end up leaving - and it will go down in history as one of the worst modern examples of the dangers of "groupthink" - on a national scale. There is also well known psychological research that shows that people who have made a loss-making decision are more likely to throw "good money after bad" than to row back on their original decision - and much less likely to row back if they belong to a cohesive group that feels under attack.
People have a deep need to avoid the distress and humiliation that goes with conceding that they have made a mistake - so they engage in cognitive dissonance by telling themselves more comfortable narratives eg:
- it's all the fault of those who want to remain in the uk, talking down the economy
- there was always going to be a recession whatever we decided
- the EU would have imploded whatever we decided
- immigration hate crime isn't real
Etc etc
May has explicitly pinned this government to brexit - a serious mistake to do this so unequivocally without consideration.
I don't see how politically, she can avoid leaving the EU, even if it means a punishingly heard 'brexit'.
"We will make a success of it".
If only we had a viable opposition.