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@rhb
^ Get around locally to The Peace House, Action 21, Bike Foundry, or Youpunkeroo and find an old bike that fits and do it up.
Your £50 fuel today would've gone along way towards one of those - typical price at Action 21 is £35, there's usually some nice 531 frames knocking about there worth much more than what you'll pay for them, often almost as new / unridden.