Not sure what the parallels are between the garments trade and Whitehall – but I guess we’ll soon find out. Less easy to outsource mandarins to low-cost factories in the Far East.
By the by, Sir Philip is to austerity what his friend Simon Cowell is to self-doubt. For his 50th birthday the retail tycoon invited 200 friends to a three-day toga party in Cyprus, entertained by Tom Jones and Rod Stewart. He also owns a solid gold Monopoly set, a gift from his wife. Read more



Jim Pickard
Kiran Stacey