To follow up on this, I replaced the (quite new) Axminster blade with a bimetal 10/14 Vari-Tooth from Tuffsaws. I was reluctant to believe that the blade was a problem because the Axi blade had seen very little use, but this completely cured the problems of the blade snagging and/or jumping the wheels. In fact the machine is now cutting better than ever.
Encouraged by this result I am revisiting the accuracy problem, which is still with me. To recap, the machine cuts about 2mm off square vertically over 50mm. This is how the arm is mounted to the base casting:

As you can see the arm pivots wrt the vice to allow angled cuts, but I don't really need that feature – I'd be happy if the ducking thing just cut square.
My first thought is just to put in some shims somewhere (I need the tilt the arm about 2 degrees towards the camera), second to drill and tap for jacking screws, third to take it all to bits and try to mill or file the base of the casting which holds the arm so it sits right. I suppose that would be the 'proper' way to do it? But it might be tricky.
Any thoughts? There could well be snags with my naive approaches which I haven't seen.
Axminster are now selling what appears to be the same machine, but re-badged as 'Engineer Series' and painted a different colour (mine was 'Hobby' ) for £546.96. Gosh.
Robin.
Edited By Robin Graham on 20/02/2020 22:30:43
Edited By Robin Graham on 20/02/2020 22:31:16