I think @RampantIvy and @OhDear111 and others are speaking to a key truth.
Until the reforms UK HE was an elite destination, A levels did cover much of the Y1 university curriculum elsewhere, and a three year UG degree in Britain was highly respected. But to some extent it was a closed shop. HE perpetuated the class system.
The reforms were meant well but two things went badly.
There was a fallacy that the quality of degrees could be maintained. It doesn’t bear analysis and I think we have largely debunked it here. (My own highly ranked STEM School awards double the number of Firsts of 20 years ago. A 2.2 is not quite a rarity, but close. Academics are not of the opinion that student quality is higher)
Also, as PP have said, employers began using the requirement for a degree as a screening mechanism. A degree, any degree, became more of an entry (or a bar) to a MC way of life than ever.
We need more pathways to financially viable careers and above all we need more pathways to respect and social equality.
(I think this is part of an over-amping generally. On a side note, every good recipe or household tip is now ‘genius’, and I am old enough to know the original, unacknowledged sources for many of them. I think this is the same cultural phenomenon as grade inflation)