yeah, it is a worthy aim to improve the numbers going through higher education, but it shouldnt have been done with artificial methods such as simply increasing the number of institutions, places available and targets, but through improving the secondary and tertiary education so more were prepared and suited to the rigour of proper higher education. theres no problem with an "elite", the real problem is there shouldnt be any shame to going to colleges for vocational based diplomas, unfortunately the idea this is second rate somehow has been perpetuated on all sides for too long. a mechanic or plumber will earn more and have a better quality of life than most graduates until they are in their 50's (for those that actually progress).
... and the loss of apprenticeships of course.
It's really bizarre how this notion of the importance of university education gripped both main parties, with the result that there's a shortage of electricians and plumbers now.