UK public debt would be divided
“There is a shared territory,” says Dinos. “If you buy a print, the Gucci cosmetic case artist won’t have actually touched it, but you are still buying into that artist. So, you know, it’s relatively cheap – and I suppose the people who are buying the bags are the kind of people who would buy the work. So I don’t think it’s a new market, it’s part of the same market. I don’t really know who would buy one of those bags, apart from someone who would also own maybe a sculpture. It completes a circle. You’ve got the sculptures, you should really have the bag.”own interest and exchange rates with an independent currency, said the NIESR ahead of the launch of its significant report on the currencyd by the NIESR report is fiscal solvency and so the level of debt burden an independent Scotland would end up with. "Recent events around the world, particularly in Europe, have shown that fiscal sustainability and currency arrangements cannot be considered in isolation," said Dr Armstrong.
"We consider how the existing UK public debt would be divided, and the ability of an independent Scotland to pay its share. For an independent Scotland to prosper it requires a 'hard' currency; one in which investors are willing to hold long-dated Scottish government debt at a reasonable price. conundrum surrounding the 2014 independence referendum. However, it could get around this problem of inheriting its share of the UK's vast public debt pile by exchanging oil revenues for debt write-downs, the NIESR Gucci message bag proposed. "The greater the amount of public debt an independent Scotland assumes, the greater the importance of retaining some policy flexibility and the stronger the case for introducing a new Scottish currency," said Dr Angus Armstrong, director of macroeconomic research at the NIESR and one of the report's authors. It’s a new variation on the old ‘seen the movie, bought the T-shirt’ adage, in a new league of creativity and expectation.
Only a handful of the bags will be crafted. “When people are buying something at that price, they don’t want millions of other people to have it,” states Jones. “The really good thing about Vuitton is that they do understand those different levels of customer. There are things that different people require from them: my demographic is from 16 to 80.” That wasn’t always the case with Jones: his own-label menswear, founded in 2002 after his graduation from Central Saint Martins, was influenced by the London club scene. Sports-orientated, the skew was closer to the 16-year-old end of that spectrum, likewise his collaborations with Topman and Umbro. None of them seem very Vuitton, but Jones’ Hermes lindy bagapproach today, mixing the high with the low – say, a seemingly simple white plimsoll crafted from a mind boggling mix of python, crocodile