Well people,I finally have the answer to my question.
Is it worth doing an Instructor Rating during the Credit Crunch??
Answer ..... YES it definately is..
I started the course in April, finshed 7-8 weeks later.
A week and a half after completing the course, i got a phone call from the school saying they need me for part time instructor work (which is exactly what i wanted).
The course itself taught me loads of stuff and also refreshed all the studies i done ages ago.
All in all i dont think i've lost out on anything (except 6.5k which didn't hurt)
Regards
MHN