What is startling about Brexit is that even at this late stage - especially at this late stage - literally no one knows what is going to happen. But have bashed out a few rough thoughts on where we are, and what happens next.

At the moment, the likely outcomes seem to be polarising between two extremes, each with its own army of hashtagged usernames on Twitter - effectively no deal or no Brexit.

There is no perfect solution on offer, but if we are going to get a deal which delivers the Brexit mandate (while acknowledging its 52/48 nature), avoids excessive trauma, and satisfies the EU, it requires a leap of imagination - on the EU side above all.

In the macro, it shouldn’t be impossible to get a realistic deal. Britain suffers significant but not crippling impairment to its access to the EU market (eg keeping it in goods but not services), there is free movement for workers not all-comers...

...Britain accepts some but not all of the EU’s regulatory corpus, can sign its own trade deals, and pays in for areas of continued close cooperation. (You can nudge the sliders on each element up or down according to taste.)