Fungs12,
I don't know about UK, but here in the States an EE with a master degree should be looking at an average of $50,000 at hiring time. I agree with Malc that "Earning £25K is better than having no job at all". The economy is recovering right now, and when you get hired you are pretty much an investment (fresh out of school). They have to train you and point you in the right direction.
Good luck on your search! 
Robert
"No one is completely worthless. They can always serve as a bad example."
Anonymous
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