This aligns with my experience as a British student who received a first class degree from a fairly well-respected program.

The reality was that the teaching was uniformly mediocre, I remained pretty clueless about the subject material, and I produced so-so quality work. I should have worked harder for my own curiosity, but there was a complete lack of external motivation because the academic standards were so low.

To paraphrase someone's quote: I wouldn't recommend a club that had me as a member.