The embossed seat stays are usually a good indicator of quality Raleighs of a certain era, but in the official catalogues (see the 1989 Lightweight brochure in the RB archives) not all framesets, even near the top of the tree, had them. :?
The decal font and the braze-ons/fork crown style certainly match up to typical Raleigh spec of the late 80s although I could've sworn that 130mm dropout spacing was the norm by then. However, the loud paint job and the square "Custom Brazed" transfer on the seat tube seem atypical. Export job or bike show display frameset maybe?
David