To fashion fans Sir Philip Green is the man we thank for the existence of Topshop as a trend powerhouse. To others, including it seems, the Prime Minister, he is a business mogul who knows how to spend a penny to make a pound. Which is why the Arcadia boss has just been signed up by David Cameron to lead an efficiency review of government spending.
Sir Philip has until October to trawl through the accounts and work out how the government can spend less and get better value for money.
He said this morning, 'I believe that our shared experience in the procurement of many goods and services, across a broad geographical area of the UK, will enable us to have important benchmarked information which will be extremely useful. I will give this efficiency review my very best effort knowing how hugely important it is to the recovery of the country. I want to help focus, motivate and energise to achieve these efficiency savings. It is these actions that will restart growth in the UK.'More