The £40 - £60 mark... I doubt you could get ANY new engine for that amount. Seroiusly, you are going to want to double that amount if you want a decent .18 engine. Have a look at OS and HPI engines, they are reliable and relatively inexpensive. If you find an engine you like you may be able to get it fairly cheap online - MAYBE you could get a .18 shipped from the US for £60, but you'd have to be very lucky indeed.
What type of vehicle is the engine for, if it's a 1/10 touring car or small buggy a .12 should do, and still be faster than the .16. I could reccomend a few .12's if that would help??
And yeah, i do seem to reply to a lot of your posts!