I think what it comes down to is:
If your seriously going to start training now then hope that you ride out the economic storm while you are training and hope the job market is promising for graduates when you finish; and hope that your FTO doesn't fold while you are training IF things get rough...
I must admit I don't fancy the idea of being sponsored at the moment with the knowledge that your course maybe cancelled if anything serious happens with this slowdown. After all it happened overnight with the Gulf War. That said, if offered, I still wouldn't turn down a place. Prepared to crash & burn if justified or you think I'm wrong, I'm uncertain at the moment.
SS