That is the smartest bit of thinking I have heard so far in this entire discussion. Do you belong to a think tank? If not, you should.
That has been proposed a long time ago here at FR, and probably elsewhere - I think during the height of the anti-US lobbying in the UN regarding Iraq is the first time I heard that. Probably has been around incubating for some time before that, too. Problem is that th UK has to get rid of their anti-US intelligensia first, too.