That doesn't look that cheap to me and as it's not on the list (as far as I can see) you couldn't use it anywhere running to BRCA / EFRA rules.
There are several of options for budget / mid priced brushless motors from the big players at the moment with more to come shortly (belive Orion are doing a sportsman type motor soon???). Have a look around some of the UK shops websites and you will find them (JE Spares carry a good range). It is much more likely that a motor on general sale in the UK will go on to the list (motor list is revised through the year I believe, just the cell list that is an annual thin) than something like that in you link.
If your after something that is a good "club" motor then have a look at the HobbyWing link in my sig ... some great motors at very keen prices (again I believe they missed the list in Jan by a few days but have been submitted for the next revision).
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