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Sh categorically denied earlier today that she would revoke:
https://mobile.twitter.com/Peston/status/1107983373195202560
Make of that what you will. You're right though - I seem to remember that she can only unilaterally revoke until the end of March, so that presumably is the default option that she's being steered towards (with another referendum as a fall back)
What I can't understand is how Revocation of Article 50 isn't now the default no deal position rather than crashing out without a deal. Parliament showed a majority are in favour of avoiding a no deal exit. May keeps on saying you can't take no deal off the table (you quite clearly can). Surely from her perspective it would massively have helped her chances of getting her deal through if the ERG maniacs realised that avoiding Brexit was the default position, they'd have had to have sucked it up and gone with it. I'm still hopefully the Kyle amendment squeaks through next week at the last minute.