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How will they get the no deal bit past parliament?
By running down the clock, I suspect - if parliament send May back to re-negotiate at the end of Jan there's not enough time to ratify anything she gets.
What is needed is a way for Parliament to issue an A50 retraction, and I don't believe that mechanism exists.
We leave by automatic operation of law on the 29th, no matter what we've arranged (or not) in the meantime.
I'll just leave this here.
https://twitter.com/J_amesp/status/1046828583484821504