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Like with any so called conspiracy theories when people are sold kernels of truth, packaged up in lies, which appeals to them and tapped into their grievances.This is still the thing I will never figure out. Why do people still accept the view that we could have had our cake and eaten it? The whole negotiation process was about trying to get all the benefits of the EU with none of the drawbacks. It was never possible as it would have lead to the break up of the EU. I get why David Frost says it, but why do people genuinely believe that there was this sunny hinterland that we could have reached if the EU hadn't got in our way?
Failure of the stay campaign to really drive home the benefits of the EU. Wales is a classic example who voted leave when they got so much by way of EU subsidies.