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The UK needs more graduates, according to a new study, which may interest those trying to set up a recruitment agency.

Despite rising numbers of graduates in the UK, a report by the Work Foundation has revealed that numbers need to increase further still.

This is in order to cope with the rising number of knowledge-based roles.

"Knowledge economy activities depend on the ability of workers to process, synthesise, interpret and communicate information - key graduate skills," comments Charles Levy, author of the report.

Mr Levy predicts this need will increase as the economy recovers.

The report also states that, as a result of this, university fees may have to be increased.

Recent research by the Home Learning College and reed.co.uk shows that one-third of jobseekers in the UK fear that a lack of qualifications may be damaging their employment prospects.