We've had a few people lately who are looking for a new printer, and asking me which one I would recommend. I have access to a huge colour laser at the office, and two old inkjet printers at home which are no longer manufactured. So, I'm not exactly up to date and therefore completely unqualified to give advice!
So, my recommendation would be to take a look at the Which website which I think is one of the better sites for impartial advice. They test printers and explain features, so you can decide what is important to you and compare different models within your budget.
This link should take you straight to the printer section of the Which website, but if that changes and the link doesn't work, go to http://www.which.co.uk/ and search for printers.
Glenda