[chrisguyw]

'How long did you allow the decal to dry ??'
decal was applied over 2 days before hand , but did apply 'micro sol' approx 1 hr before lacquer thinking it would form a kind of seal 

'you did indicate you applied a light coat'
crinkling effect occurred after 2nd light coat 

'While Future/Pledge is an acrylic It is however a good barrier,...and a coat on top of your decals before applying lacquer is a good safeguard.'
this is a good tip and will be employing in future 

'As far as fixing what you have...lightly sand and re-apply/re sand until smooth.'
this has been the solution used 
 
not perfect by any means ... but 100% better 
note to self .... use finer wet & dry if this occurs again   

Cheers
Chris Walker

thankyou Chris 
Kev

Hi Kev,...the only potential issue noted above is applying micro-sol an hour before applying you lacquer............any moisture on or under the decal, may well have reacted with the lacquer, causing bubbling.......let everything dry for 48 hours,.......and try to apply 3 or 4 mist coats of clear before attempting any wet coats.......patience 

Cheers
Chris Walker

PS If you are trying to get a perfect finish, Tamiya makes a range of polishing compounds (coarse, fine, finish) that work extremely well.