Sounds like Chris' wet dream. Although he probably won't be in the top 20% he'll vote for it anyway just to get one over on the EU!The growth plan is to become Singapore. So low corporation tax of say 10%, low PAYE taxes, low business regulation, no environmental controls etc.
That will encourage companies to invest in the UK and set up new business here.
downsides is in order to get to this point they have to
Cut public spending by a third
Have a basic (very basic) safety net
Remove workers rights like minimum holidays, WTD, right to tribunal, right to maternity leave etc
Get rid of the minimum wage
A massively devalued pound eg $0.8 to the £ in order to make exports cheap and make foreign invested money go further.
Then people will fall into one of two categories:
Those with businesses or who start new businesses or high paid highly skilled jobs who will become much much richer than they are now.
The other 80% of the country who will barely scrape a living to make ends meet.
In order to do this you should probably take around 20 years at least. They are planning to do it in 2. Unless people are stupid enough to give them another 5 years.
Will work if you do it slow enough unless the peasants revolt.