If the government cap were removed, fees would likely diverge based on reputation and demand. Estimates below use "International Fees" (unregulated) and "Cost of Delivery" as proxies for market value.
Comparing the current capped fee against the "Break-Even" cost and the "Market Rate" (International Fee).
Based on average international fees for lab/classroom blend. Pure science courses can reach £45k.
High demand allows for significant pricing power. International fees standardise around this band.
Closer to the actual "cost of delivery". While fees are lower, they are still above the current domestic cap.