What I have heard many times, over and over again ( from FBO's and others) that the place I live in is confirmed to be the cheapest country in Europe to do flight training. Flying used to be very cheap ( and good ) but of course it has risen.
You can get all you need ( MCC and FI not incluted ) for maybe around 24000 pounds.
Take a look at this school:
www.flugskoli.is just look for the english version.
The Pound is somevhere around 125 Icelandic Krona's
But living here is expensive ( similar prices as in London )
Regards
Proxus