‘I thought buying things would make me feel better. It didn’t’: The rise of emotional spending

Many of us are living for the buzz of the doorbell – spending billions we can’t afford on stuff we don’t need. Here is how to recognise the problem and regain control

In the past fortnight, I have bought the following items online: a hideous cat tree that takes up most of my living room, a lavender pillow spray, two scarves, a pair of gloves, two candles, a sheet mask, a pair of fleece-lined jogging bottoms (so comfy!), a card-holder and an under-eye brightening cream. None of these purchases were essential. Many I haven’t even taken out of the packaging, leaving them in a pile by the front door.

Ten months into the pandemic, I know the rhythms of the courier networks better than I know my menstrual cycle. Royal Mail in the morning; DPD and Hermes in the afternoon. Amazon comes any time, including late at night. DPD couriers insist on taking a photo of you with the package, mortifyingly. I wonder where these photos go: me in a food-stained tracksuit, dirty-haired, holding an armful of packages I can’t remember ordering with an abashed smile. I pray they never see the light of day.

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The rock star of retail: how Topshop changed the face of fashion

With its celebrity collaborations and turbo-charged launches, Philip Green’s Topshop brought fun and drama to the once uninspiring business of clothes-shopping. We chart the rise and fall of the pandemic’s most glamorous corporate victim

“What’s this I’m reading in the paper? It’s a load of absolute shit, that’s what it is. What’s the matter with you? Are you stupid or what? I’ve never read so much rubbish in my life.”

It was February 2010, and I was at my desk in the Guardian office. Philip Green didn’t need to introduce himself. His habit of bellowing down the phone was unmistakable, and I had just written an article about how I was falling out of love with Topshop after a decade being in thrall to its shop floor. Green never did take kindly to criticism of the golden child of his Arcadia empire.

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China’s biggest tech firms dive in value as firms fear Beijing crackdown plan

Frantic stock sell-offs across sector anticipating ‘monopoly’ rules, with Alibaba shopping site shares falling 9.8%

Hundreds of millions of dollars have been wiped off the value of China’s biggest internet companies following two days of frenetic selling with investors fearing Beijing plans to curb the power of homegrown tech firms.

Shares in Alibaba, a Chinese version of Amazon, dropped by 9.8% on Wednesday, while its rivals, Tencent, and JD.com, fell by 7.4% and 9.2% respectively.

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UK to plunge into deepest slump on record with worst GDP drop of G7

Official measure to be declared this week as coronavirus lockdown shrinks GDP by 21% in second quarter

Britain’s economy will be officially declared in recession this week for the first time since the 2008 financial crisis, as the coronavirus outbreak plunges the country into the deepest slump on record.

Figures from the Office for National Statistics on Wednesday are expected to show that gross domestic product (GDP), the broadest measure of economic prosperity, fell in the three months to June by 21%.

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