I can only reiterate most of Franks queries; I have a Warco 250V-F & a Wm16 mill, bought new as a package from Harrogate exhibition in 2012, there were some initial problems which were soon sorted by Warco (thanks) and have found it to be more than adequate for what I want to do. Most of the Chinese machines do have inbuilt probs to start with but a lot of them have been resolved by way of feedback to the dealers & the others tend to be fixed reasonably easily at home I still have one or two to sort out… when I get round to it.. e.g. replace the compound slide gib key with a brass version as the original is just a mild steel piece which is not what you would term a proper fit, but it has served ok so far.
There are decent second hand machines around, Colchesters, Harrisons, Myfords (silly money!) South Bend (UK versions) Emco's etc but these tend to be hefty stuff ( & not necessarily in the best condition/accuracy ) so, as said, what is your workspace etc. etc. as for tooling get what you need to start with & build up from there bit at a time, there are bargains to be had at car boots if you look carefully.
You've got to bear in mind that these days most suppliers get their stock from China anyway with not a great deal 'made in the UK', you've only got to look at the proliferation of cars,(Nissan, Mitsubishi, Kia, Dacia, Subaru, Toyota etc, TV's ( Sony, LG, Panasonic etc.  
& other electrical goods that are 'Made in China' / Korea / Japan' Spain… & now India is rising to the fore so quality can & will differ, so if you're looking for 'good quality' you're looking at Presto, Buck & Hickman, Starret (both USA) Guhring (German), Mitutoyo (Japanese!) to name but a few, but expensive in comparison, at the end of the day you meet up with the old clichés … 'you pays your money', or, 'you get what you pay for'…
Happy hunting & just enjoy what you decide to get.
George
Edited By mechman48 on 04/12/2014 18:26:13