What will the budget iPhone be like?

I know iPhones aren't the best phones in terms of hardware but I've always liked iOS and there's something great about owning an iPhone, sorry if that's snobby but I would rather have an iPhone 5 than any other phone even though I own and love Android phones.

But that 5 is too expensive and I'm looking forward to the iPhone Light due to be released in October. The main things I want is a price of £250 starting, iOS 7, Retina Display, 8MP camera and a good battery. I'm not bothered about 4G, the premium design or the latest processor as the A5 in my iPad 2 is still quick. That is what I'd like, what do you think the iPhone Light will have?

Just like the 5, but in plastic

The new iPhone 5C they are calling it will have a plastic back and will come in a variety of colors.

I think you'll be disappointed regarding price. I think it'll be cheapER than the iPhone 5s, but it won't be cheap compared to something like the Nexus 4.

Spec wise, I think it'll have the same display and camera as the iPhone 5, probably the same processor and battery too, and a plastic case in a variety of colours.