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The stickies in this forum are a great place to start. I'll give you a quick rundown of what I'd do in your shoes, however:
1) Buy a copy of No Limit Holdem Theory and Practice by Sklansky and Miller, and read it cover to, well, the 'concepts' portion of the book kinda sucks but probably still worth reading, so, yeah, cover. This book really is the standard in terms of basic/intermediate poker thought in the game today, and you'd be doing yourself a huge disservice if you didn't read it immediately.
2) Lose the idea of spending 20 pounds a month and just buy in once for 50 USD and follow proper bankroll management, starting at 0.01/0.02 aka 2NL. It's where all the ballas got their start. If you do everything right, you really shouldn't ever have to deposit again. If you want to play a higher stake i.e. so you're not playing for pennies, then deposit 250 USD and play 10NL (0.05/0.10). If you're not willing to deposit that much, start at 2NL.
3) Make sure to spend at least 50% of your total time devoted to poker studying and not just playing. As you alluded to, there's a ridiculous amount of information available on this site and elsewhere on the web. You won't run out of useful material for a long time.
That should get you started on the right path. If you're not sure which site to choose, one of either Full Tilt (my preference) or Stars are the premier choices. Good luck. And read the stickies before you do anything else.
EDIT:
OH YEAH and if you do decide to go for full tilt - MAKE SURE YOU GET RAKEBACK, because if you don't request it when you sign up, you may never get it. I'm not sure exactly how this is done for new accounts, hopefully someone else will post in this thread explaining how to do it.
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