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This chapter uses England as a case study to address the issue of balancing the supply and demand sides of the skills equation. The dominant view in England is that the route to a more prosperous and equal society is through education and training. Consequently, the education and training system in England has undergone numerous reforms with the overall aim of matching skills supply more closely to the perceived demand for skills. The analysis of the supply of intermediate level qualifications reveals an increase in participation, retention and achievement in postcompulsory education, indicating some success of supply-side educational policies. However, the analysis of the balance between supply and demand reveals some fatigue in the allocation of the increasing number of qualifications supplied by the labour force. The increasing occurrence of overqualification in the labour market at the intermediate levels of education also puts in doubt the suitability of supply side education policies based on qualifications. There is a need for policy makers to look at the demand side of the skills equation to make better use of the enhanced supply of young graduates.