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Here's a snap analysis of Corbyn's letter to May: 1/ forget the "exact same benefits" test - it was a Tory ruse and it's never going to happen 2/ This ultimatum only works if it stops 50+ MPs led by Nandy et al breaking Labour whip and supporting May. It might... 
2/ Corbyn's letter is a positive development. It sets out Labour red lines, not tests. These can only be met if May ditches the ERG and signs a permanent customs union with shared institutions - ie courts - with the EU.
3/ If May goes for Corbyn's plan, it heals some divisions in Labour voting areas; you get soft Brexit, no independent trade policy and the right can't undermine UK labour/consumer rights. If she does not...
4/ If May tells Corbyn to get stuffed, he can justifiably whip the right-wing Labour MPs who want to support her Brexit plan, expel them from the party and replace them forthwith. He's gone as far as he can tonight.
5/5 If May accepts even 50% of Corbyn's demands, the Tory party splits and it's out of office forever. That's why this is a good move. But if it fails, Labour has to revert to No Confidence votes and fighting for a Second Referendum, and it has to whip its MPs for these aims.
