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    The recession - what recession ?.

    Last week Hermès, handbag makers revealed it was farming crocodiles in Australia to feed demand for its coveted Birkin bag, which start at £4,000 and require customers join a long waiting list. Mulberry which sells its new Mitzy bag for £495 - said it was an "immediate bestseller".

    Even Yacht makers Oyster Marine have seen an increase in "serious buyers" looking at its luxury yachts - which cost between £4.3m to 15m - over the last six months. The luxury market is on the 'up' whilst others are having difficulty meeting their food and energy bills.

    God forbid they would have to pay an extra 10p in the pound tax.

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