Know this recession thing everyone’s been talking about? No, I’m not sure either, but from the snippets of conversation I’ve overheard out at lunch, I gather it’s some sort of powerful gypsy able to force one to auction a favourite E-type, open the East Wing to the public, or purchase an off-the-peg dinner jacket. Anyway, from what I understand, this recession fellow has recently well and truly come a cropper. So now we can all get back to ploughing our trust-funds into 2.45 at Kempton, yah? Here’s my thrifty little Katie displaying some true British grit, making do and mending with her mother’s silk scarf and skirt, a charity shop cardigan, H&M booties and a Cartier watch. Good show.