BingoBongo,
Do not pay any attention to the dooms day chanters. NOW is a great time to train. The recession will not last forever. Even now they say green shoots of recovery are evident.
My recommendations are: go forth and pursue your career. The best schools to consider are; Oxford, CTC if you are going integrated, which I would recommend you do as this increases your possibility of getting into an airliner after completion of your training.
hope this helps.