I don't know anything about the UK, sorry. Was your degree specialized? From personal experience a lot of BSc degrees are not specialized enough for lab work (have to be supervised), aside from being a lab rat/test tube kid for $15/hr.
By "human molecular therapeutics genetics", I meant molecular genetics mostly in the context human health, especially in drug development, as opposed to the more fun biotechnology applications that they go in for more at the University of Manchester like genetically modified crops, biofuels and biological catalysts for use in chemical industries. I also studied protein structure, but that was mostly theory, not even much
in silico practice.
As a British degree, it was quite specialised starting with a bit of biochemistry, physiology, histology and pharmacology in the first year, then mostly what I described above for the second and third. The laboratory techniques I used were the bread and butter gene cloning techniques like PCR and gel electrophoresis.
I did a three month original research project and that was a privilege granted to about half the year group. The techniques I used for that were quite primitive and it's no substitute for a summer studentship/internship.
Aside from "Is Devois destined for financial failure", I'll say that our government did claim to want 50% of school leavers to go to university at one point as I recall. Presumably they were either hoping for a massive growth of graduate jobs to replace all the manual jobs we lost during 70's and 80's or a war which would wipe out a chunk of the civilian population.
I think there are a lot of opportunities for students to succeed, so long as they know what they're doing, but funnily enough, a lot of teenagers are ignorant fools who don't know about such opportunities and that included me. And we have been steered towards 1. Get a degree 2. ??? 3. Profit!
Hopefully with the increasing tuition fees some of the snobbery involved will fade. So that you don't need a degree to apply for the assistant manager job at the factory warehouse, people actually consider universities outside the English speaking world and Canadian youths take up apprenticeships to learn trades (honestly, I knew lots of boys who wanted to do that sort thing then, even if middle class teenagers don't so much).