It demonstrates that even putting this to a referendum in the first place was an utter farce. People voted to be free of EU regulation, but the UK depends upon

It demonstrates that even putting this to a referendum in the first place was an utter farce. People voted to be free of EU regulation, but the UK depends upon the EU market, so now we'll still have to conform to the same regulations, but with the added benefit that we'll have no way to influence changing them. No one - leave or remain - is going to get what they voted for from this.