Steptoe thanks for the information. The red warning triangle stays permanently on and the "brake failure" light (the lamp actually says "brake failure" although I have seen other bikes that say "ABS") flashes 4 times a second. So from what you say it sounds unlikely to be something relatively inexpensive to fix so I could be looking at worse case senario.
If I end up removing the ABS module is there a way to stop the red warning triangle coming on - I'm guessing I can remove the brake failure warning bulb but the red triangle is used for other things?
If I end up removing the ABS module is there a way to stop the red warning triangle coming on - I'm guessing I can remove the brake failure warning bulb but the red triangle is used for other things?

I'll try and get the diagnostics read and then see what happens.