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Because the opposite will allow democratically made decisions made by the people to be overturned by politicians on a whim. The UK / Westminster political system is not democratic at all. It is an illusion of democracy that we are presented with. In Switzerland they have circa 3 or 4 referendums every year where the people can vote on issues and / or potential changes. This way the politicians are wary and have to respect the views of the people and not hold them in total contempt as they do in this country.Why set such an arbitrary time period? If said referendum causes economical and social destruction is it not regressive to stick to such decision? 15 years is a long time! Heck we will had about 20 different PMs in that time period the way we are going