Ok, I've tried the previous code alteration and it hasn't worked.

I am trying to close the vertical gap/space between the 'View Basket' link and the '1 items, £29.95' text.

The solution you mentioned just added the '1 items, £29.95' text into the same UL, which displayed it after the 'View Basket' text and not below.

Hope that makes sense! :S

Any further ideas?