Appeaser May's latest offer seems like a poor sell out by our remoaner politicians. Lack of criticism by the BBC gives a good clue on this. I don't think the EU commission wants a deal or the French government (until they lose our agricultural products market, but it will be too late then
), so I still expect the no deal option to happen. With what Appeaser May has offered especially the 'customs union' in all but name is going to severely restrict future ROW trade deals, so a no deal and WTO rules will be a blessing in disguise.
The good news is that our ROW trade balance is positive and with no EU deal I expect our negative EU trade balance to quite quickly disappear, where history shows if you are the bigger trade partner, where the EU is, it hits surplace countries more when there is trade friction by caused by one party, where we will replace expensive EU agricultural and German manufactured goods with ROW cheaper alternatives.
For the EU commission and their political project, to them politics is always much more important than any economic consequences, whereas in reality economics long term always, but always trumps politics, which is why long term the EU will fail.
There nightmare is a successful post-Brexit UK, where we have escaped this largely French protectionist trading block which is losing global market share at double the rate of the US, with most EU countries outside of Germany and economic Germanic centric countries having a constant near zero or worse post Euro adoption GDP growth and high unemployment, epitomized by Italy, Portugal, Greece and to a slightly lessor extent France itself. Protectionist trade policies only stave off global competitiveness reality by making import duties on cheaper better overseas goods more expensive for your citizens as the protection of you uncompetitive industries make you economically weaker and weaker (1970's UK is a good example with coal, steel, ship building and BL all heavily subsidised), until it no longer can be sustained and at that point they will realise how much global trade they have lost and can only start to slowly claw this back through very painful economic readjustment.