For the money you won’t go wrong with a Hunka. It’ll offer the same kind of performance you’ll get from something like a £60-£70 Rab or Terra Nova.The beathability is the real issue with bags, something made from eVent will offer far higher levels of breathability but the cheapest eVent bags are going to be in the £120 upwards bracket.
Having said that, the Hunka isn’t designed for full coverage so condensation should be less of an issue. If you want a touch more space and perhaps the option of not using a tarp then have a look at a Snugpak Stratosphere hooped bivvy … work very well in all but the most humid conditions.
If you’d like the word, Goretex on the bag (less breathable than eVent though) your cheapest but heaviest option would be ex MOD. I think http://www.backpackinglight.co.uk stock grade 1 bags at the right price.
Hope that helps.