tsubaki
Player Valuation: £90m
On point of accuracy - no we haven't. Until we invoke Article 50 we remain a full member of the EU, and Cameron has already said that he won't invoke Article 50.
What's very likely to happen is that we are going to inform the EU of our demands for remaining in - likely to include an exemption from free movement and a reduction in the "membership fee" we pay each year. The EU will decide whether or not they want to accept our terms. If they accept, there will be a second referendum here to see if the public are happy with the new terms. If they don't accept, Article 50 will get invoked.
What he actually said was that he wouldn't invoke Article 50, because it would be for the new PM to do.
As for what you predict will happen, I agree that what the political class will want to do - they after all are all desperately searching for a way out, when they aren't blaming Corbyn - but it would have an absolutely toxic effect on this country and on the EU if they did that. For that reason I would be amazed if the EU entertained it, it would lead to all manner of scenes as individual countries held referenda just to strengthen their own negotiating positions.