A few thoughts in advance of seeing the Brexit deal, assuming it's not scuppered at the last.

1. It will save industries, in the short term. For all the problems it *won't* solve, there is at least that. Tariffs would have finished off some sectors like switching off a light.

2. Expect a lot of confusion (through ignorance, and deliberate obfuscation by certain segments of the media) between free trade and frictionless trade. Trade that is free can still come with plenty of friction. Those extra £billions in customs paperwork won't go away.

3. There may be a standstill or implementation period. If there is, that will be helpful because it will let us get further down the road of vaccinating against the coronavirus, and resolving one crisis before plunging into the rest.

4. Any standstill will trigger a huge wave of "you told us scary things would happen, but they didn't." If you're counting along, it will be the 3rd such wave. First was during the negotiations while we were still EU members. Second during transition when EU rules still applied.

5. Those are just words. But the damage to the economy is real. So a standstill remains preferable, though teeth may have to remain gritted a while longer as a result.

6. Expect a few positive surprises. (Not compared to EU membership, but to what would otherwise have been.)