I only have rights to live and work in the UK, so a UK license is the obvious choice for me. It's the fact there's a large amount of EU based airlines operating in the UK which require EASA licenses concerning me. I'm training modular with 0 debt which is already a large chunk of change, to then have to take more time off work and at more expense to gain essentially a foreign license (with exactly the same training), just to become remotely employable in my own country seems bizarre. You also have to consider the extra cost to maintain two licenses when you cant find work.
Portsharbourflyer - As far as Easyjet goes, I was under the impression from speaking to some of their pilots that they were tranferring crew licenses to Austria.