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It rather depends what you think of as 'budget'. Nash Siren S5 are decent cheapies which can be had for£20 each on Fleabay. If it helps, I use Sonik SKS which come with a receiver and a snazzy bivvy light for £104 for a set of 3, they are excellent. The receiver is a wireless device which beeps and shows you which rod has a bite at 50m plus from the rods, this allows you to have a quiet pee in the bushes, get a bite, wee down your leg and then miss the bite after running to your rods and falling over in nettles.
ColinTheBald-
Really helpful thanks. I personally enjoy watching the rods so they might not get much use for day fishing but good to know they're not as expensive as I thought, will check out the Soniks. After your thoughts on carp rods my Fox Warrior should be at the local tackle shop this coming weekend, very exciting.
jambon
From starting fishing in June this year it's now getting wintery enough for me to think a bivvy is needed, cowering under my commuter's umbrella isn't something I want to do any more. Having a shelter makes me think I could now go night fishing, but don't have any bite alarms.. You can see where this is going... do decent/budget bite alarms exist?