You missed my point Nigel "terms that MAY be favourable to the UK"
The current terms are not necessarily as favourable to the UK as the terms of agreements we already enjoy as members of the EU.
To Hell in a hand cart springs to mind.

I didn't "miss your point". You failed to make it.
Both you and I know it will take years to renegotiate new terms with the WTO that MAY be favourable to the UK.
WTO terms are already set. Except for our dealings with the EU, and the protectionist tariffs they set for dealing with other countries, WTO terms are likely to be better than the terms on which we currently deal with the rest of the world.