Never use the build-in camcorder microphone. I always overdub the camcorder audio with separate recorded audio in YouTube video's. Most computers have a microphone/line-in input which you can also use for audio recording. A better option would be an audio interface, but then you have to spend more than £20. I don't live in the UK, but in the Netherlands i can't find a £20 mp3 player with line-in, so i think you can't find one in the UK either.
Joost
[This message has been edited by Tostie (edited 11-01-2008).]