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Pimpin-is-easy1 karma

If the British political establishment were to decide (for example because of catastrophic economic downturn) that they do not want to follow through with Brexit, what would be the most probable and politically and constitutionally sound way to do it? Another referendum? Parliament saying it does not recognise the vote? Never invoking article 50?

Also what opinion does current Constitutional law theory have on referendums (or referenda?) in general? Should there be a qualified majority? Should it be forbidden that one country (England) can simply gloss over the will of the other (Scotland)? Should referendums/referenda be in any way limited?

If such scholarly opinion does exist, were any legal experts consulted during the preparation of the vote and if yes, was any of their advice implemented?

Thank you in advance for any answers.