Daiwa J-Braid X8
Daiwa's J-Braid X8 was probably the first sub-£20, 8 strand braids. It turns out that it's not only cheap, but very good quality too and has won itself many fans. Suits everything from LRF/Perch to deeper sea jigging.
Ben's an idiot so hasn't added a full category run-down yet. We're sure he'll get on it shortly.