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My understanding is that all terms and deadlines (besides A50 final date) are terms for UK parliament set by Gov. Withdrawal is totally non binding and EU have stated several times that they would understand and facilitate u turn.
Nothing is done that can't be undone. The only thing that would be lost is remaining Tory confidence. It would fuck them for a generation.
I think it would be a matter for Parliament to vote on whilst they go through the motions of putting on the brakes for this whole circus train.