The Record is the same (apart from the badge and perhaps the colour, plus minor details) as many other scroll saws which all seem to come out of the same Chinese factory. UK prices apparently vary from the lowest at perhaps about 50-odd quid (Aldi I think) to over 150 quid, under various names, some well-known, some not.
Make no mistake, they WILL all cut, and once you've practised a bit (a lot?) and fitted the correct blade for whatever you're doing, they'll cut, and cut well.
The only downsides with all these saws is "secondary" stuff like ease of blade changing and needing a tool or not, tensioning, dust blower, speeds selection (or not), etc, etc.
If you're going to get into scrolling, you will get fed up with the various short comings, as above, but A) there are various mods that can be done to improve matters (search this section) and B) you will still be able to sell the saw on if you want to upgrade to a "professional" machine.
Basically it depends on you. Personally I wouldn't have bought that Record, but that's because I know what I know now.
Before that I learnt - the hard way. I had a very old Dremel (restricted because you could only use their blades, not standards) followed by an Einhell (not the current model) which was pretty awful and I suspect, worse than your Record (in my case it definitely was, 'cos it had a bent arm which couldn't be straightened - but it STILL cut)! In other words, you learn by doing, and just like any other hobby, what you end up investing is up to you - I now own an Excalibur 21 which is MILES better than my previous two machines - but then so it should be, it cost MILES more than both of them put together!
In short, don't be too worried, you've bought that machine now, and as said above, it WILL cut, and cut well (better than you can to start off with if you're a beginner).
After that is up to you, but I strongly recommend some time spent searching this section for a lot of very good info to help you on your way, including possible mods and lots of blades info, plus searching the net under "scroll saws" or similar. You'll find loads of how to cut tutorials, plus all sorts of patterns, etc.
So, good luck and enjoy - "don't worry, be happy"!
HTH