ok, I've found the answer and it seems to be a combination of things.
Via Reporting Services Configuration Manager Add an additional HTTP identity for both the web Service URL and Report Manager URL.
Set Host Header Name to localhost
Set TCP Port to 8080
Note, I also found that 80 clashed with Skype causing a 'Page cannot be displayed' error
Although I have amended my Skype setting, I also amended the SSRS port
I'm not sure how crucial this is but it worked for me
Through Control Panel
Search for UAC, select Change User Account Control Settings
Amend to Never Notify
I am uncomfortable with this but have found no other way of getting this to work.
Thanks
- Damian