I don't know why this isn't making more headlines in the papers at the moment. It's awful for the university staff with their current pay and conditions but -speaking as a parent of DS1 who almost definitely won't have his dissertation and exams marked in time to graduate - I am so so upset on his behalf and for his friends too. Some will lose the possibility of taking up offers of Masters degrees elsewhere, based on degree class. International students, who pay even higher fees, won't get their visas extended as they can't register a degree class and graduate properly.
At DS1's uni. students appear to be being 'fobbed off' with a pseudo, fake 'ceremony' passing for 'graduation' so that families and students are supposedly placated, without fully realising that the students aren't actually graduating at all. If and when their exams are marked (and there's no certainty that they even will be), they'll then get a certificate through the post and that would be the genuine 'graduation' which is very disappointing, particularly for this cohort who missed out on so much of university life due to the pandemic.
At unis. like DS1's, where there's almost no continuous assessment and it all goes on the final marks in the degree and dissertation, the effect of not having their hard work marked and possibly just being given an 'estimated' degree is very upsetting.
Whilst DS1 is very calm and OK about the whole thing, many of his cohort have struggled with mental health problems and fought hard to keep on track with their revision and exams, survived the pandemic and being sent home to study, worked non-stop for their exams and dissertations - only to discover that their efforts have been in vain, if their exams aren't marked.
It's so hard a as parent just to have to sit back and watch, without being able to do anything.
Meanwhile DS2 - at a different uni. - is going to be able to graduate properly as his uni. is getting others to mark the exams. There seems to be lots of difference depending on which university and which faculty.