The problem in the UK is there is no significant competitive pressure. What would help is separating the teaching from grading, just as it is in schools. Right now an employer has to consider a degree from Oxford Brookes in a completely different light to one from Oxford University. If they knew the students were graded in exactly the same way then it could really shake the system up.
I'm not a fan of that, it's adds huge drag to any change. Want to add a module on deep learning that you also want to test? Now it needs to be added by a country-wide exam board. Want to add something on cognitive neuroscience to the standard "AI" degree? Only if everyone can teach it. Given how regularly things are messed up by the boards on simple GSCE level questions covering far fewer subjects, I'd not like to ha…
There might be some drag on creating new courses but there could be huge savings as well.
One thing I'm sure is the academic community wouldn't like it, it would need to be forced on them.