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@johnnyhotdog
If you're going new, head into Richer Sounds and try some things out there. They have a listening room. You should be able to get a reasonable decent set-up for sub £35o (Project Elemental, Project phono box, Cambridge AM1 amp, Tibo speakers and cables.) You might want to add speaker stands.
If your budget is greater, go in and get some advice - they've always been really helpful to me. I spent around £1200 for a fo' lyf system.
You can bananas with hi-fi so don't stress too much - get something quality and don't start looking at wooden cable guides for £600....
If your budget is smaller, there's some good things to be had on ebay at the moment and you could build a quality system for under £180 with some clever shopping. Have a look at a few of the recent pages, there's some good suggestions.