It’s difficult to say. The government currently doesn’t cap the amount of pharmacy students allowed, due to it regarding pharmacy as a “science” rather than a healthcare degree. It would be guessing to say whether there would be jobs or not. It really depends on how flexible you are and where you see yourself. Jobs as a hospital and community pharmacist may be very saturated in 5 years, particularly with budget cuts to community pharmacies, but there are new opportunities opening up to pharmacists as independent prescribers, in GP surgeries and nursing homes. In most sectors, I think there is a real strain on jobs at the moment, so it’s more of a question of which profession you think you would enjoy. Who knows what plans the government has for pharmacy though. At this point, it really could go either way.
Hope that helps explain the state of pharmacy right now at least.