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@edmundane
if you want cheap:
system ex/formula hubs are value for money. lace them up yerself to a decently cheap rim. cheapest i'll go for is a mavic open sport. 18quid. if you're not a fat bastard go for 32 hole. save you about a pound for 4 spokes and teeny bit of weight.
if you want super cheap get the sovos hub from sjscycles 15 quid a pop. or those bottom of range suzue hubs. both of these dont have cartridge bearings. i've seen them in edwardes in camberwell, same price range.