All the Raleigh bikes seem pretty poorly specced for the money compared to the competition though, even makes like Dawes where you usually pay more for the frame outdo them in terms of components.
Lots of people on here seem to love the old Raleigh's though and they look like better bikes. What happened to them?
The 2nd hand pursuit I got to tide me through a bikeless period was £300 new and has very low end components, 7 speed freewheel and side pull brakes, both of which went out of fashion for new bikes ten years ago.