The consultation needs to go much wider - qualifications are valued by people who request people to have them - not by those who issue or are part of the system providing them. Unless industry believes in the qualification results, they are of no use.
Unfortunately, these qualifications will be seriously tainted. At my organisation we typically take on many interns from A-level, and at graduate level - with typical strong competition from thousands of applicants. We have already decided in our policy making, that we will not accept any qualification based on estimates - only if students take the exams will we recognise them. Instead we will look for people who qualified last year or so if people are not able to have formally examined qualifications available.
Life is on hold for so many at this time, and the integrity of there qualifications system needs to be maintained, even if this means some short term disruption for 12 months or so. We have previously found non-exam assessment of candidates led to poor indicators.