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In the online video posted to Twitter on behalf of the Brexit campaign group #StandUp4Brexit, the Tory MP rejected suggestions that the UK is heading towards a ‘no deal’ scenario, claiming that “there is no such thing as a no deal scenario” and that “there will be a deal”, even if it means accepting the Prime Minister’s controversial Chequers deal. The former Tory leader slammed Prime Minister Theresa May’s Chequers proposal calling it “the worst of all worlds” but said that fears over a ‘no-deal’ Brexit were unfounded, as a return to World Trade Organisation (WTO) rules would still govern our trading relationship with the EU. He said: “Strong democracies with strong democratic institutions, accountable to their people almost always end up being good, peaceful, cooperative nations. And that’s why now we need more than ever to stand up for Brexit. “Having had that vote in 2016, where the British people gave their opinion, a binding opinion, we now see another onslaught of yet again Project Fear.

“All the same organisations, now moving their adjustment and their sights, saying ‘we didn’t really mean it was going to happen straight after the vote, we actually meant that it would happen of you didn’t have a deal. A no-deal scenario’” Mr Duncan-Smith continued: “Well, there is no such thing as a no deal scenario. There will be a deal. Whether it’s the deal that’s on the table from Chequers, which I don’t agree with at all because it binds us into the European Union. We will be rule takers rather than rule makers, which is pretty much the worst of all worlds. “But that notwithstanding, even if we were to go without a free trade arrangement, and I prefer a standard free trade arrangement, but if we aren’t able to get that and we have to go to the World Trade Organisation, we should recognise that this is a rules based organisation that governs the very arrangements within the EU themselves and its relationships, in trading term, with other nations around the world. "So the WTO is not a ‘no deal’, it’s just a different deal.”

Brexit latest: Former Tory leader Iain Duncan-Smith has slammed the Prime Minister's Chequers deal

The WTO is not a ‘no deal', it’s just a different deal. Iain Duncan-Smith