plastered the New York
An independent Scotland could face a decade of fiscal tightening through Discount Louis Vuittontax rises and spending cuts in order to meet European debt-to-GDP rules and maintain sustainable borrowing costs, depending on how much public debt it inherits from the UK's vast pile of over £1tn. The global menswear market is growing at the rate of 14 per cent a year – almost double womenswear growth. The timing, then, couldn’t have been more right for Jones to up the ante. Especially considering that consumers are now demanding more from their brands: more clothes, more ideas, and more luxury. “Menswear has become a significant part of the Harrods business, with shoppers seeking luxury, exclusivity and an exceptional shopping experience,” says Marigay McKee, Chief Merchant of Harrods, a store that tripled their Louis Vuitton menswear sales space earlier this year.
The fact that more luxury, in turn demands more money, doesn’t appear to be Chanel 2.55 bagan issue. “We do this,” says Jones, plucking at the Chapman-print jersey T-shirt he’s wearing (a special one-off for Dover Street Market Ginza). “Which is an easy price-point thing, to buy. But we thought it would be much more interesting to make it dressy and evening. That real super-luxe lifestyle.” That meant reinterpreting the Chapmans’ design as foppish clobber in a multitude of fabrics – prints, sure, but also jacquards and brocades. The design, an elaborate chintz animated with the Chapmans’ grotesques, was called ‘The Garden in Hell’ –
a reference to the retina-scorching scarlet chintz that plastered the New York The National Institute of Economic and Social Research (NIESR) estimates that Scotland may need fiscal tightening of 5.4% in the ten years from independence to achieve the Maastricht Treaty agreed debt-to-GDP ratio of 60% under borrowing costs likely to be as much as 1.65% above current Gucci belt for women interest rates on 10-year UK gilts. This is because Scotland would need to run an annual 3.1% fiscal surplus in order to lure investors in its sovereign debt at reasonable borrowing costs during the ten years after independence, but the government is currently running a primary fiscal deficit of 2.3%. It means Scotland would be exposed to sudden downturns or shocks, such as a fall in oil prices hitting revenues from the North Sea, because fiscal levers could not be pulled to flood stimulus into the economy.