Cinnabar Moth Tyria jacobaeae
This moth will fly in the daytime but the most obvious indication of its presence in your area is that the tough, ubiquitous Senecio jacobaea (Common ragwort) is being eaten to a stump by hordes of stripy caterpillars (RHS photo).
LHS: Garden, Cheshire 20th May 2002 RHS Leasowe Meadows 19th June 2007
Added on Nov 10th 04, amended on Feb 5th 05, updated 27th Jun 08, Nov 6th 08, updated 3rd June 2010