I looked at Orvis UK and thy have a 5 weight Streamline combo that comes in at about GBP 160,-.
I A complete fly-fishing rod and reel combo for trout, bass or panfish. Comes with Orvis Streamline 865-4 Mid-Flex rod. 8' 6" 5-weight, 4-piece rod has a reverse half-wells grip and comes complete with Clearwater III reel, 150 yards of 30-lb. Dacron backing, a 90' weight-forward 5 line, and a 9' 2x leader. Comes complete with a rod and reel carrying case. This fly rod and reel combo makes the perfect gift for the beginning angler.
I have always thought Orvis to be pretty good.
Any other suggestions / ideas PLEASE ?
Ps. I dont work for Orvis (sadly - as I am sure that there would be loads of good tackle deals to be had working for them!)