Well, is this NOT a Surprise???
The outsourcing of IT talent is not confined to the UK. IBM is decimating itself here in the US and why would any student coming into the field EVER consider it when firms such as that and others too - CSC, Xerox etx, will simply brain sweep you for knowledge and then can you for a replacement in Bangalore making $4 an hour. The field at the bottom dries up so growth to the top slows and, eventually, nobody has risen up. And the bottom is also empty.