A thought provoking article, thanks for sharing.  Seems future UK taxpayers will bear the burden to repay the investment the UK has made and continues to make in "an emaciated, grossly expanded education“ system that's "wasting the money, and worst of all, the time, of young people,"  where only "one in two recent British graduates is not in graduate work, a rate that has consistently risen since 2001."

Some other notable quotes:

"the outstanding cost of university tuition loans has added £105bn – around 5 per cent of GDP – to the UK’s debt. By the 2040s, according to Department for Education forecasts, it will have added £460bn, or nearly 12 per cent of GDP.  With low interest rates, such a mountain of debt is manageable. When rates rise, that will change.

The tripling of tuition fees had another effect that has scarcely been noticed. Thanks to a fiscal illusion that has only just been corrected, the cost of university has been almost entirely hidden from government spending since 2011.

The UK is, at great future cost, bankrolling a university system that in no way resembles the world it was supposed to expand.