This may help. NO airline will even look at you unless you have studied on an Integrated course of flight training. That is what is coming out of the industry at the moment and that is how it is likely to stay for the next few years at there are loads of people still out there trying to get jobs. (just ask those modular guys out there now trying to get jobs!)
With the debate over the APP/cost thing, ultimately it will come down to whether or not you can afford it. The APP is second to none and jobs are already being lined up for people who have not even graduated yet, such is the demand for the high quality pilots Oxford are producing. In a nutshell, the extra £10k sounds a lot, but it's nothing compared to waiting say a year post flying training without a job with little/no income.
With the news that BA are recruiting, there will be even more movement in the industry and even more jobs going. If you want the best chance to go straight to a RH seat on a big jet, do the APP