More people go to uni thus making everyone have degrees making the degrees worth a lot less in the eyes of the employers thus making them as useless as GCSEs thus causing people to need to pay and get Masters, which most employers want these days anyway due to more people going to university.
I'm not saying I'm for the increase, it should stay as it is (I was told that to go back it would be £7,000 p.a. for a second degree before this whole fiasco).
Basically, either way, we shoot ourselves in the foot.
Just be glad, there was a plan, I believe of Labour's devising, which had NO LIMIT WHATSOEVER on tuition fees