At University of Reading when hali and I went on to top up our foundation degree to a full degree, we were offered the option of doing an ordinary degree which I think was another 60 points, with no dissertation. The idea was that you could graduate at this point, or continue on to an hours degree at a later date depending on your own requirements. Subsequently we were 'persuaded' to top up to an honours degree which gave us 120 points, which added another module and the dissertation, and an extra half day's study at uni.
It was all a long time ago now (or seems it) so I stand to be corrected. We topped up to honours and did the long pathway to EYPS in a year (with validation being added onto the year to complete the whole process). We attended part-time, although the degree itself was considered to be full-time because it is work-based. I'm fairly certain that the option of doing the ordinary degree wasn't offered again after our cohort, though.
In answer to your question Rapunzel, on the surface I'd say there isn't any difference to having an ordinary degree and an honours degree, apart from having the ability to have BA(Hons) at the end of your name if you so wish.

However, the fact that you have carried out research and have gained the necessary extra points to obtain the honours degree might confer additional academic rigour/status on you when applying for a job, and certainly will if you're interested in taking your studies further. Although I appreciate at this stage that a Masters is probably not on your to do list!
How soon do you have to make this decision?
Maz