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The key pt from this is that the path to a 'no-deal' is relatively easy
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That's because it relies on frustrating the efforts at coordination needed for other outcomes to happen
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ie 'no-deal' has weight because it's the default condition, thanks to 2-yr time limit
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moreover, it becomes ever easier, because the less time that remains, the less chance of being able to agree a deal
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Of course, it all parties are committed to a deal, then time extension becomes an option, but that depends on good faith & momentum
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Which is why HMG & COM have spent so much time/effort on keeping that rhetoric
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As is regularly noted, COM is UK's best friend in these negotiations, as strong interest in finding deal & demonstrating its value
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However, route 1 to a deal remains making current process work, not relying on peril down the line
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So HMG wld be misguided to play the peril card of threatening to walk or stalling.
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Basic problem remains that UK domestic and A50 incentives don't line up very well, so expect more confusion.
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In summary: a 'no-deal' is a non-negligible risk, even if almost no-one wants it
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