I am going to winch going back to the UK and paying £120/hr for a completely knackered PA28-161 with INOP stickers all over it again
I would too, I suggest that you drive from Reading down to Popham and Thruxton and have a look at what's available there, although you could start at
Irv's website
Still rather more expensive than US rates, I'll grant you (particularly at the current exchange rate) - but rather better than £120/hr, and generally pretty good aeroplanes. That said, like most other people at Popham I belong to a syndicate and pay around half the local rental rates for a very nice aeroplane without an INOP sticker in site.
G