Sir Philip Green to carry out an external review of spending cuts of the coalition government
The owner of the high street chain, billionaire Sir Philip Green has been selected by the government to conduct an external review of the cuts to the public spending.
According to the government, this review would be helpful in the major review of the coalition government which is underway this time to cut the 155 billion euros deficit in the UK economy. Sir Philip Green is a very popular person in the UK and he is behind the largest privately owned clothing retailer Arcadia of UK.
The firm Arcadia has total number of 40,000 employees. He is going to lead a team of officials in the Cabinet Office and Treasury and they will conduct a review of the spending of last three years to identify the savings and inefficiencies.
Most importantly, he will check the correctness and value of the leases and contracts which were signed in the year 2007.
Sir Philip Green will report the result of his review to the minister of the Cabinet Office Francis Maude and also to the chief secretary of the Treasury Danny Alexander.
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