The UK honours degree is a robust and highly-valued qualification. It is the core product of the UK higher education system. This report considers the honours degree classification system, which measures a student's performance on an undergraduate honours degree programme. All UK higher education institutions use the same classification nomenclature which is almost universally applied to honours degrees. Issues of how best to assess, calculate, record and present student achievement receive continuous attention by UK higher education institutions both individually and collectively. In 2004, the first Burgess Report--the report of the Measuring and Recording Student Achievement Scoping Group--established the case for fundamentally reviewing the current system for classifying UK honours degrees, which it considered was no longer fit for purpose. A Measuring and Recording Student Achievement Steering Group was established in February 2005 to consider, develop and consult on practical proposals for the implementation of the Scoping Group's recommendations. Over the past two years the Steering Group has undertaken a detailed consideration of the issues, which it is now presenting to the sector in the form of this report. Appended are: (1) Acronyms and Glossary; (2) Scoping Group recommendations, made in 2004; (3) Terms of reference and membership of the Steering Group; (4) Methodology; (5) The honours degree; (6) Model to form basis of Higher Education Achievement Report; and (7) References. (Contains 2 figures, 1 table, 4 footnotes and 46 notes.)