Read the the agreement again. It only mandates that the countries that signed the agreement wouldn't be the ones to attack Ukraine - it didn't include any obligation to defend them.
I'm all for the UK stepping up to give Ukraine more assistance but it's not (yet) justified by the Budapest memorandum; it only guarantees assistance in the case of attack by nuclear weapons.
https://en.wikipedia.org/wiki/Budapest_Memorandum_on_Securit...