A one-time extension of 6, 12, 18 or 24 months. If it's absolutely necessary, add a clause that says the transition period ends prematurely if an FTA is agreed and implemented before then.

Do it and do it ASAP.
Politically, even the longest extension sees Boris Johnson heading into the next election having "delivered Brexit" by every definition of the term.

Who in 2024 is going to attack the Tories for agreeing a longer extension period? Labour? Lib-Dems? SNP?
Even if a right wing UKIP/BXP emerges to beat him over the head about this, what are they going to say in 2024?

"Vote for us, we'd have delivered Brexit slightly faster!"
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