Sounds like a great plan! I can see it now, how the American Big schools like Harvard/Yale, and all the other "IVY" League schools are going to love that plan. They will no longer have to worry about overseas decline in enrollments, they will have new old money to squeeze. I am sure they are all very happy to read and hear about the happenings to England's IVY League schools.
Insane, but hey, it came out of a poli-ticians, brain fart!