But Jim..

"the little group of pink and spiky haired, body-pierced fossilised Malcolm McLaren saddos who used to hang around the top of Royal Avenue on the Kings Road"

were more likely as not unimaginative knobheads, the sheeplike followers of fashion and new orthodoxies;
McLaren and Westwood, the oportunistic self promoters and conveniently accesable and quotable figureheads
for lazy hack media writers and TV producers...

The equivalent of 1960/70s beards, aran sweaters, and fisherman's caps,
and the Sunday lifestyle/arts supplements and BBC's favoured folk artists and promoters...

What you percieve as 'punk' is long dead and gone - as it should be...
and in common with folk, there are still moribund spikey haired pockets of resistance, in their late middle age and dotage;
and the occasional bunch of teenagers who discover retro punk hair and fashions for a few months dressing up...

My idea of trad folk/punk is quite austere and minimalist,
pure in essence and intent, and devoid of unneccesary ornementation and vanity...
yets still with some creative fertile life burning in it's core...