Why mention China specifically as somewhere you don’t want to buy from? What “other countries” do you prefer (or not prefer)? What do you consider as being a price that rips you off? Before anything else, I feel you might (for yourself) clarify your buying motives so you can be clearer about what buying policies you exactly want to follow.
As others have said, it’s no easy task to find tools made in Britain of good quality. Those that are tend to be very high quality … and very high price, Skelton saws have been mentioned, as well as Sedgwick machine tools. Consider Holtey planes, the most expensive - £ per ounce - of the lot!
Germany is a good source of decent machine tools and some good hand tools. Consider Festo, Mafell and Scheppach, for example. But even they have some of their stuff made in the Far East. And prices are, once more, not low.
However, if you’re worried about getting “ripped off” consider this: many expensive tools are not only highly functional and a pleasure to use but also retentive of their value. I’ve bought, used and later sold many, many high quality tools, for as much as or often more than I paid. Have them about a decade and their second hand price begins to exceed the what-you-paid price. I think of it as hiring them at a very low rent. 
This works better with high quality hand tools than with machine tools - although I have sold a Mafell biscuit joiner, a Delta lathe, a drum sander and one or two other things for as much as I paid, after about 15 years of use. (Sold mostly due to a house move including a smaller workshop). Hand tools such as those from Lie-Nielsen, Veritas, Blue Spruce and similar go on ebay for more than you paid for them about a decade before, assuming they’re in good nick and looked after.
Have you got a tool list? If so, it becomes easier for others to point at good quality and perhaps even inexpensive options made in Britain or Europe or perhaps even Australia. Someone mentioned Narex chisels, for example - very good indeed for not much money.
Lataxe
