Mine's the IXS Navigator Jacket and matching trousers from J&S. They're textile, with removable waterproof drop liner and thermal layers.
Price-wise, nowhere near the Rukkas of this world, but plenty warm enough, well ventilated and keeps rain off, to a point.
I thought removable layers would be useful in hot weather, but it was too baggy without its inners, so I picked up a mesh jacket for the summer.
While the Navigator is much cheaper (and probably a bit more breathable) than laminated jackets, the downside is that it's not as waterproof. Ordinary textile jackets tend to get "wetted out" after a while - the material soaks up water rather than repels it and donning sopping wet gear for your commute home is no fun.
So for wet weather, particularly if it's cold, I'll add a Richa Typhoon rainsuit, which has the added advantage of keeping road dirt off the textiles.