This dissertation responds to the notion that the economic success and social integration of one imaginary figure, the “model minority,” can explain the downward mobility of another, the “white working class” in post-Brexit Britain. Through intersectional readings of Black and Asian British fiction written during and after Margaret Thatcher’s prime ministership, I examine the model minority myth as providing a racist explanation for rising inequality, but also as a burdensome imperative of neoliberal aspiration to which racialized British subjects are increasingly subject. I trace the origins of this exclusionary account of racialized belonging to the account in Salman Rushdie’s The Satanic Verses of the political possibilities resulting from the collapse of anti-racist solidarities under the sign of Black British identity in the 1980s. I show that the author’s non-fictional responses to the subsequent controversy known as the Rushdie Affair work to close off these possibilities, serving instead to justify Islamophobia one specific means by which racial neoliberalism functions as what David Theo Goldberg calls “racism without racism.” I develop this analysis of Islamophobia as form of racial neoliberalism by turning to two novels that depict coming of age for diasporic Muslim British women, contrasting Monica Ali’s Brick Lane as a normative narrative of feminist becoming through assimilation with Leila Aboulela’s Minaret, which complicates the agency assumed to be conferred on “Third World Women” who migrate to the Global North. In my third and final chapter, I trace the model minority trope across differences in Black and Asian British communities as evidence of the empty aspiration of “post-racial” Britain, contrasting the attempt in Gautam Malkani’s Londonstani to posit the figure of the “rudeboy” as an alternative “outsider” figure of aspiration, with Zadie Smith’s “insider” depiction of the social alienation that results from approaching the embodiment of this racialized ideal in NW. / Thesis / Doctor of Philosophy (PhD) / This dissertation discusses the influence of neoliberalism—the idea that capitalism represents the ideal model of organization for every aspect of human life—on Black and Asian British writing from the 1980s to the present. In the context of mainstream analysis of the June 2016 Brexit vote as an expression of “white working class” disaffection with rising inequality, I focus on how coming-of-age narratives by Black and Asian writers complicate an unspoken implication of this popular explanation: that neoliberal reforms have unduly advantaged so-called “model” racial minorities. Through readings that emphasize how the Muslim and/as racialized protagonists of these texts experience the recoding of racism either in the covert guise of Islamophobia or through the aspirational idea that Britain is “post-racial,” I demonstrate the highly tenuous nature of what social and political belonging racialized subjects can find amid the increasing individualism of contemporary British society.