Green’s Dictionary of Slang

house of fraser n.

[rhy. sl.; usu. as ‘howser’; ult. House of Fraser, a department store]

a razor, either as a weapon or for shaving.

[Scot](con. mid-1960s) J. Patrick Glasgow Gang Observed 97: You’re gettin’ ripped. You’re gettin’ ma House of Frazer.
[UK]R. Puxley Cockney Rabbit.
[UK]B. Kirkpatrick Wicked Cockney Rhy. Sl.