Designer Sarah Burton pays homage to the late Alexander McQueen's heritage with the iconic Union Jack Box Clutch. With its signature gilded skull clasp, it is THE timeless bag. Its been made in different materials but I love it as the red, white and blue. It is the perfect addition to any collection.
Heading in the other direction, I found a fun bag on the Target website, a chain mail clutch that is fun and current, not Alexander McQueen, but a great little find. Charlotte Olympia's London 2012 Pandora Perspective Clutch has three interchangeable zip pouches, including a London skyline, Union Jack, and a crown. Beautiful!
My absolute favorite, AM being a bit out of my price range, is the Brit Manhattan Clutch, a long chain bag or clutch--it is beautiful and cool. Love. And I cannot not mention the talented Lulu Guinness and her Union Jack Snakeskin Lips Clutch, her bags are always beautiful and original. Its comes in the Old Glory too, if you are feeling patriotic.
Stateside, it is a little trickier to find a good UJ bag, but online you can find your little bit of Brit in many a price range. Get your Olympic Spirit together fashionably, the Union Jack is in the spotlight now, but remains as always, a classic.