Suppliers
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Components
Futurlec - Good supplier, very cheap SMD to DIP converter's which are useful for prototyping.
RS Components - Not always the cheapest, but you can collect from a trade counter.
Farnell - Larger selection than RS and free shipping, however there is a minimum order to qualify.
Digikey - Even larger selection than Farnell and free shipping on orders over £50. However, if you don't meet the £50 threshold the cheapest shipping option is £12.
eBay - Always a good place to start, direct access to Chinese sellers without the risk.
Tools
Circuit Specialists - Soldering equipment, blackjack range is very good for the price.
Wholesale Chinese Suppliers
IC2IC - Good for large orders, also able to find discontinued components.