I don't know about the UK but over here the job market is rather dismal for recent graduates.
http://www.nytimes.com/2011/05/19/busine...grads.html
College is no longer the panacea.
http://www.nytimes.com/2011/05/19/busine...grads.html
Quote:Now evidence is emerging that the damage wrought by the sour economy is more widespread than just a few careers led astray or postponed. Even for college graduates — the people who were most protected from the slings and arrows of recession — the outlook is rather bleak.
College is no longer the panacea.