It would be interesting to know what brief was given to the authors and what terms of reference were used. If the brief was "What's the worst possible outcome we can expect from global warming" then this report can be more or less disregarded. Many think tanks and government bodies commission reports of that nature as discussion documents so that they can formulate policy on how to react to disasters.
The issue of global warming is very real but a "Day after tomorrow" type scenario is not plausible. The real solution will come when oil becomes too expensive and we are forced to invest in a renewable alternative.
As for Britain getting a Siberian type climate; this would/will happen when sea temperatures rise causing the Gulf Stream to move northwards. This will result in the warm waters melting the polar ice caps. That cold water will then run down through the north sea and cause average temperatures in Britain and Ireland in particular and northern Europe in general to drop by an average of a couple of degrees a year.
We are at about the same longitude as Siberia and it is only the warm waters of the gulf stream and the warm air that goes with it that gives us our temperate maritime climate and protects us from a more continental climate.
The issue of sea level rises has more to do with water expanding as it gets hotter than ice caps melting.
Anyway, the most pessimistic predictions of sea-levels predict a ten foot rise over something like a century: how many European cities will be 'sunk beneath the sea' by that? Two?
Holland is screwed, as are many of the port cities around Europe. 3 Meter sea level rises will displace around a billion people worldwide (enfo office in Dublin). This has to have a huge effect on the economies of the first world, not to mention their security.
Most of the crops that are being grown now in the first world and to an increasing extent in the third world are from selected genetic stocks. This means that they will not have the variation in genetic strains to adapt to climate change over a short period. The areas of the world where our cereal crops originate, and still grow wild, are shrinking as genetically selected and sometimes modified crops are grown instead so we are throwing away the building blocks that we could use to grow strains of crops for the future.
All sorts of diseases that we in northern Europe have never seen before will affect us as bacteria and insects move north into newly hot areas.
All pleasant thoughts, eh?