I've just found this site which offers web hosting for £1 (£1.19 inc vat)
STRATO
they are offering:
4gb web space and 50 gb traffic along with 3 domains.
+there are other options for the same price
i have bought this offer and within one or two days i will post a link to my site.
i think this is a great oppertunity for people starting out who want a website to look professional.
there is one point i think i should mention and that is that the contract is reccuring which means after you one year you willl automatically be charged there normal rate.
i have been "tricked" like this quite a few times and thought that you should know. all you have to do is cancel your agreement a day or two before the thing ends and you get one years web hosting for one £1