no, basically they've said no pilot who is currently based in the UK can leave their base and no FO's based in the UK can get command. i'm sure if balpa recognition doesn't go through then they'll scrap that immediately to 'thank us'.
to answer the original question, we're still taking on direct entry captains, plenty of OCC's going through at the moment. in fact, it's only cadets and 737rated captains being recruited.
hope that helps.
b bear