Lets not forget that training in this country is really expensive and if these rules change instead of a healthy portion of trainees going abroad probably 90% or so will go and do their licenses in these approaved countries.
No bad thing however it will kill the training industry in the U.K ry so there wont be any jobs anyway for the low time newly qualified pilot. Because most Training/Charter companys will close down.
The Americans reap the rewards of The European training market. then after the J1 visa has finished chew us up and spit us out the country.