Not at all. It means that the GPU can do more processing without as many loads/reloads of textures, and can handle higher pixel counts per scan. The system RAM requirements can actually increase with a more powerful GPU, especially if you turn up the bling, but for the most part, usually just because as games move on, they store more stuff.
Anyway,
A quick look at the one stop shop, shows
a 1070TI is currently available for £424. Seems a good price compared to a standard 1070, https://www.scan.co.uk/products/msi-...-1683mhz-boost
They have a bundle on the MB/CPU/RAM/Cooler https://www.scan.co.uk/products/3xs-...-corsair-h100i
Total ends up at around £1150, which is over your stated budget, but it does cover all the main bits. From your description you should be able to move the other items over. Not sure on PSU, mainly as I haven't had an AMD for many years, but they are supposed to be standard connectors these days, and even the newer Intel i9's didn't change the PSU specifications.
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