On Scan and Ebuyer the GX 650W is over £50 but for under £50 you can still get the Be Quiet or OCZ PSU.
Scan a while back had the GTX460 768MB for around £110 but prices seem to have risen. I suspect the overclocked GTS450 will have similar performance overall to an HD5770 at stock clockspeeds.
However,it does seem that the retail Palit GTS450 does lack VRM cooling like the retail Palit GTX460 768MB. This lead to some issues with the latter card although the GTS450 does consume less power so hopefully this won't be a problem.
TBH,I would try and see if you can save up another £30 or so.
Even a GTX460 1GB or HD6850 1GB at stock clockspeeds is considerably faster than a GTS450 or HD5770:
http://www.techpowerup.com/reviews/A...450_OC/28.html