In the budget jackets you may want to check out the Altura Nevis or Endura Convert. Both are decent, highly-rated jackets with good visibility options:
http://www.wiggle.co.uk/ProductDetail.aspx?Cat=cycle&ProdID=5360025729&N=Altura%20Nevis%20Waterproof%20Jacket http://www.wiggle.co.uk/ProductDetail.aspx?Cat=cycle&ProdID=5360020525&N=Endura%20Convert%20Jacket
The Nevis in particular is a really popular jacket with London Commuters.
@pip started
London Fixed Gear and Single-Speed is a community of predominantly fixed gear and single-speed cyclists in and around London, UK.
This site is supported almost exclusively by donations. Please consider donating a small amount regularly.
In the budget jackets you may want to check out the Altura Nevis or Endura Convert. Both are decent, highly-rated jackets with good visibility options:
http://www.wiggle.co.uk/ProductDetail.aspx?Cat=cycle&ProdID=5360025729&N=Altura%20Nevis%20Waterproof%20Jacket
http://www.wiggle.co.uk/ProductDetail.aspx?Cat=cycle&ProdID=5360020525&N=Endura%20Convert%20Jacket
The Nevis in particular is a really popular jacket with London Commuters.