I use a Mountain Hardware Goretex mountaineering jacket that is quite short in the waist, as I have found it very difficult to find a technical waterproof jacket with a proper hood. I have found that without a proper hood, no matter what i try, water just pours down the back of my neck. For trousers i use a pair of altura bottoms (around £50) and some vision overshoes to stop the lot pouring into my shoes. Sealskinz gloves were also a very good investment. The whole lot is porbably worth around £300- £350 i would say. (£240 for the coat tho i only paid £140, £50 for the trousers and £20 for the overshoes)