It's interesting to consider how this is going to affect the UK light aviation community. Here are some thoughts I have:
(1) With a lot of instructors looking for work, newly qualified instructors will now find it extremely hard to get any work.
(2) Remaining commercial schools such as Bonus or BCFT, who have been struggling a bit in the recession will get a very welcome boost.
(3) The availability of a lot of highish spec training singles and twins onto the market at the same time will substantially depreciate the second hand light aircraft market. It'll be a great buyers market, but pretty dreadful if you're trying to sell.
(4) A number of new startup flying schools as experienced instructors, and in some cases some quite good premises, come available with those instructors looking for work.
G