We've reached the point in the Brexit fiasco where "No deal is better than a bad deal" [THREAD]

Why? Because there will be little political appetite to reopen a deal soon after it's signed. So if it's weak and watery and gives the UK very little, we'll be stuck with it for ages.

But if we founder on the iceberg of no deal, the damage will be greater yet, but there'll be a blank slate where there should have been a deal.

We will return to the negotiating table with no cards to play, against a backdrop of chaos at the ports, shortages, firms fleeing etc.

And that's where it's possible to see us ending up in Norway+ deal territory, i.e. inside the Single Market and Customs Union, but with control over our damn fish, and with a few other "perks" vs EU membership. (They're not really perks, but Leavers will perceive them as such.)

There is zero chance of Norway+ being agreed between now and the end of the transition period.

If we strike a quickie bad deal, we're probably many years away from a renegotiation.

But with no deal slapping us around like a tag-team of wrestlers, Norway+ could be on the cards.

It is quite, quite extraordinary that we should find outselves in such dire straits, but at this point no deal may be the better of two truly terrible outcomes, because it will be the least permanent.

How bonkers is that?