The first decision is whether you looking for a low profile or round reel.
Quality low profile reels are more expensive than round reels and with a £150 budget you are going to struggle to get one that will retrieve heavy high resistance lures without inducing high wear into the gears. As for round reels the Abu's aren't as good as they were I'm afraid unless you can get a genuine Swedish made one, which are more expensive that the far east versions.
Have you considered second hand, most reels can be serviced and the mechanicals brought back to as new far cheaper than buying a new one. Generally older reels are of better quality as most manufacturers now build to a price rather than to their reputation.
I know the rod is rated to 220g but what lures do you think you will be casting most of the time, I'm certain they are going to be much less than that.
Can you add a bit more information re lure sizes.
The rod will need a 300 / 400 size low profile reel or 6000 sized round reel, as you will probably be loading it with 65lb to 80lb braid and a smaller reel just wont have the line capacity you require.