The question to ask is are you getting value for money, so now you have to define value. Value means different things to different people but the two most important criteria are functionality and lifecycle which are used a lot in engineering to justify cost. Something can be good value even if it is cheap but is only needed for a one off job so not worth buying top quality providing it does the job ! There are other factors which you can also include, not neccessarily a direct cost but they still add value and these are how well a company handles customers to ensure a good experience and how far they are willing to go to meet these expectations.
So are we being ripped off by tool retailers, in some cases we probably are but don't overlook their cost involved in running the business and because we do not manufacture much in the UK there are all sorts of import duties and tax not to mention the shipping. Even when goods are made in the Uk we have high labour cost and again they have overheads so maybe not a simple yes or no.
So some products are known for there quality and also for being top dollar like Woodpeckers and Jessem but they come all the way from the states so incurr added cost, are they value for money ? Festool is another expensive brand which with some tools being a monopoly they can charge what they like but can you say there products are value for money, this might come down to them being only of value to a select few who need specific features otherwise you can get the same functionality from other brands so are not of such value to them. What about home produced products like from Benchdogs, no import duties but high capital expenditure and labour cost but in my opinion they do deliver value and are also customer focused whilst being innovative and filling gaps in the market for products that deliver better functionality than that currently available. Others you might view with greater suspicion, the ones that seem to just import and markup with there own logo, also some of the products often seem familiar in that you have seen them elsewhere in a different costume.
For me the first thing I go for are retailers with a good reputation and that you can feel confidence in, those that if you have an issue will go out of there way to resolve it or give a no quibble refund and you feel that you are getting a fair deal without being fleeced.
We have to be careful what we wish for, get a "bargain" on line or support an established bricks and mortar shop,
That is why we have no retail left in our high streets, not only about getting a bargain but for many it is just a case of being lazy and not having to go somewhere to buy it . It is great to get a bargain but not if it is a gamble where you get one or two good products whilst the rest are shiete and you are stuck with them because you are not a customer but just an invoice number.
Here Uk companies that stand out are Benchdogs, Woodworkers workshop, Anglia tool centre, Toolstop, Fc tools and there are many others I am sure you can name.
Rumour alert, Axminster are taking on main dealer for Laguna,
For how long, they used to do Jet products but no longer.