I have several 1/8th drills, the oldest is a Pesto, a good British make, and still drills clean, accurate holes. The newest, bought last week as I couldn't find the Pesto, had 'Faithfull' written on it, now blunt and wandering all over the place after a couple of holes in some 1/4 x 1/2 BMS. The Pesto cost about £3.50, the other one 60p, cheap drills = false economy.....