Do you get Showers Pass brand in the UK? I've got one that's very good and has pit zips plus a high collar that keeps out the worst but not cheap. Hmm... seems you do https://showerspass.co.uk/
I use the SP Skyline virtually every day in the colder months and even as a casual jacket, it's not the most breathable or waterproof compared to the really high end stuff but I find it's more than enough even in fairly substantial rain for shorter periods. The fit is fantastic, the neck area is snug, two large rear pockets plus zipped breast pocket.
Three years I've been using it and the reason they sold them off cheap a few years back was due to the reflective material wearing off the arms, to me that was a bonus as I was never one to worry about such things. They did do them in red as well, the Elite 2.1 Showerspass https://showerspass.co.uk/products/mens ... 6601557967
is higher up the chain and had fantastic reviews for its weatherproofing you can get 10% off signing up to their newsletter off first order, from my use I couldn't praise the SP garment enough.
I've seen these on ebay at less than half price that fits the bright/reflective waterproof/breathable https://www.ebay.co.uk/itm/SHOWERS-PASS ... Sw6NVeKYhs