On the subject of pilots, you are correct they do not have to do a degree, although they're are such courses similar to the 147 that allows pilots to gain a degree alongside doing their modules (london city) do a course.
It is worth remembering the degree is a completely separate course and that the the brunnel students have to sit CAA exams seperately like anybody does.
I think it is a wonderful thing that universities/government recognises that the aircraft industry is worth degree status. It allows already B1/B2 holders to take a short cut to gaining a degree by only 1 years full time or 2 years part time, NOT 3 years full time. This is a reflection of the knowledge already gained by anyone that has a B1/B2-regardless of educational background, age etc.
The degree element is good in that it allows anyone with the b1/b2 to transfer into any other engineering industry, no many other companies recognise the B1/B2 but they do know what a degree is.
As time passes the 147 schools will improve, aircraft engineers will be recognised on a national level and the industry lets hope will pick up.
I think it is important we all work hard to help others regardless of experience, there will always be someone with more experience thats just how it works.