It is certainly evident that there is a shortage.
I hope it lasts... but my SpidySense is tingling. House prices are starting to drop, interest rates bite, bond markets panic and postponing the PPL or doing less hours this year is one of the first things people do to cut back.
Or, it could be that with the baby boomers all retiring and cashing those fat 25% tax free lump sums there will be a queue of people at the school doors wanting courses and their own aircraft.
Both equally possible.
WWW