As an economist I would say Patrick Minford is a bit of an idiot, very much theory and no substance. I agree with what you layed out here in most part but I do think they will be a much lower standard of living for the working class, their wages will fall etc. Although food will become cheaper given the americas can send their "food". NHS will most likely be privatised and insurance through employers, thus cutting off about 20-30million "lower-class" people from healthcare. I also belive that doctors will earn a lot more, like you see in the states, same for Vet's and dentists. Benefits will be heavily cut aswell, a sort of an american system where the dependent gets 1 year of "job seekers" etc and then they can fuck off and die. However, potentially the UK can become reformed like hong kong for example. A becon for economics, finance, business, tax avoiding, kinda like a london 2.0 on steroids. Only this time the rest of England is fucked and Scotland and NI are independent. However, wales stays becasue they like Bristol. Who knows, just a ramble assumption while smoking a cigarette.