European Union (Withdrawal) Bill

I know that my noble friend does not think much of referendums, and neither do I. I think that referendums are a shocking idea. I hear around this House a lot of people who frightfully disapprove of the last referendum we had because it came up with a rotten result, as far as they are concerned. So will my noble friend please explain to me, because he is an extremely clever man, the logic for why on earth, having not liked the last referendum, we would want another one?