I understand why students are ****** off, being one myself (though I'm in Scotland funded by Norway so it doesnt affect me). However, students set fire to the Christmas tree in Trafalgar Square, which Norway gives to Britain each year to commemorate the war effort during WWII. This only highlights what kind of uncultured people have been let into university education.
In my opinion, universities should cooperate far more with the private sector to map what sectors need more workers and how many (of university level). There is no point in doing what we currently do, which is waste tax payers money on educating 100 people in media graphic design photography anthropology when we only need 10. Raising the grades you need to get in (say three B's as a baseline for any university course) would weed out a lot students (though I think the grading system in England and Scotland is tosh anyway, I think it should be more akin to the Scandinavian model) who aren't able to hack it. Raising the age of when you are allowed to leave uni would also be good (in Scotland, as being superior to Englishmen they finish school at least a year earlier), as far too many people **** their first year away due to immaturity.
Secondly, tuition fees. We need tuition fees, but paid through a student loan, as per the Scandinavian model, should be turned into a 100% loan, and upon passing your exams, 70% gets turned into a stipend. This would encourage people to actually pass, as if they don't, not only are they set back a year, they will be higher in debt.
Combining these would place emphasis on the individual student to make the most of the her/his time at uni, while making it a lot more likely the student for the student to be able to get a job in a relevant sector, without necessarily decreasing the amount of students.