Mmmm.. yeah I guess not many instructors have ME time.
But I bet they are still swamped with applications, plenty of ex-mil people around looking for jobs and £36,000 is still an above average salary, and it's better than mini-cabbing to pay the bills.
The sad fact is that in this climate employers will try to get away with paying the absolute minumum as they know there are tons of pilots looking for work.
It makes me wonder how the industry will end up in 5-10 years, will it go down the fixed-wing route? ie. No hope of a job unless you have a IR, correct multi-type rating and plenty of twin hours in your logbook, (oh and your uncle is the chief training captain), and then the employer will expect you to work for £5.50 an hour while they line train you for your temporary "seasonal" contract....