I've managed to get my hands on a Universal Lambda Sensor today so will look to fit that in the next couple of days to see if it clears the problem up.
Replaced the plugs as a matter of course just in case and noticed that the ignition coil body has split underneath the rubber HT boot/plug. Not sure if this could be causing a problem but think it's probably wise to swap these out as soon as I can whether or not the O2 sensor is or isn't the cause of the hesitation.
The MPG does seemed to have dropped but not too noticeabily, but I've tended to put this down to the cost of the petrol here in the UK and not getting quite as much for your money!
