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The increase in the number of graduates in the UK has significantly outstripped the growth of high-skilled jobs, according to Ben Willmott, from the Chartered Institute of Personnel and Development.

"Fifty eight percent of graduates are in non-graduate jobs", he said.

People in the UK "value academic qualifications over vocational ones and we absolutely need to address that", he added.

Mr Willmott pointed to countries which have a history of strong vocational training, such as Germany and the Netherlands, which only have about 10% of graduates in non-graduate jobs.