Sorry Dave, it does not add up. 16.69 an hour? So assuming you are doing 900 hours a year that gives you an earning potential of under 16K? Before Tax!!?? A quick look at
http://www.britishpilots.co.uk/Airlinerecruitment.html will show you that even the lowest salaried 120-180 seat twin jet FOs are on about 40K.