Leon Anderson (left) and friend

The recession clearly isn’t having any effect on London socialite Leon Anderson as he tweeted a picture of his £15,000 Hublot watch saying:

 My initials on the cuff! LAA new watch alert #hublot

Hublot watches rose to popularity after American rapper Jay-Z mentioned the watch brand in his song Otis last year. However  the watches don’t come cheap as they range from £7,000-£65,000.  In other words Leon’s wearing our mortgage on his wrist.