I think that's what they mean. AFAIK the entire UK is north of the Canadian border. The people, economy, infrastructure and natural environment are nowhere near ready to deal with a Canadian-style winter.
The Gulf Stream is an ocean current than brings warmth from the Gulf of New Mexico up the US's coastline and across the Atlantic to western Europe. It's estimated to have a several-degree-C warming effect.
The Gulf Stream doesn't seem to be slowing down, so a direct temperature-related change isn't really a concern, but what still is is the ice melt from Greenland - that's mostly freshwater and it getting dumped into the Atlantic could still disrupt it.