Yes, I am sure it will give enormous pleasure to the Liberal Democrats—although I am not sure they will benefit from it—but the fact is, he will. That is one reason why so many in my party in another place think that this deal is absolutely terrible and should be voted down.
That then leaves us with no deal, which is the default option. I am rather grateful that we have explored the possibility of no deal so much, because it is not really half as bad as everybody says. There has, however, been an awful lot of talk about crashing out. I quote my noble friend Lord Lilley, who says that what we will be doing is cashing in. That is the moment at which we will stop paying anything to the EU. We may have obligations, but they will certainly not be as massive as £39 billion. That will help to ease the passage of no deal, and make sure it is not as traumatic as so many people like to make it out to be.