Opticron also make really good value for money binoculars, I've considered buying the
Adventurer 6.5x32 which has received positive reviews and is only £85. A bit more expensive is the
Savanna 8x30, which is virtually the same as the Kowa mentioned up thread - also highly regarded, a bit more robust and waterproof. You can find them both a bit below retail if you shop around e.g. Birder's store.
Another option could be the new Vortex Bantam HD, which is about 80 quid, but has Vortex's no fault warranty - perhaps a worthy consideration if buying for a child - accidents happen!