Originally Posted by I-Like-To-Bike

The short and quick answer is NO! Inexpensive bikes sold at big box stores are bad mouthed incessantly as "BSO" by bicycling cognoscenti as well as by people who are tied financially or emotionally to the product sold by LBS, bicycle outlets whose lunch is being eaten by the product offered by the big box stores as well as on-line providers.

My commuter and daily get around town bike (a Ragazzi w/7speed IGH) was bought at a big box store (Real) in Germany in 2000 for 268 DM (approx $130). The only modification of consequence was changing out the saddle for a Brooks B66. I have approximately 50,000 miles on it and it still has the original fenders, though the chainguard broke a couple of years ago. If a useful inexpensive commuting/city bike is not available in the UK, it may be worth your while to take a quick trip back to Germany and get something of value at the lower price range.