R T Jones, I did my PPL in Cumbria, then went on to Jerez, although I must say my PPL had lapsed (due cash). You will start from scratch at Jerez (and most other training schools), ie straight and level 1............ this helps maintain standards and quality,..... apparently!
WWW - Our Class has had the worst recruitment record from the 3 courses either side of us! I guess it is more likely a case of the times being good too.
Personally I saved up and started training when there was a recession in the airline industry with the view to hopping on the ladder when the recovery happened - all gone to plan really.
As long as you think the good times will last for 2 more years (when it is likely you will finish training), it may be worth a shout.
FP