The chief executive of the Next clothing chain and one of the City’s youngest bosses has been appointed by David Cameron to advise him on how to improve economic competitiveness and wealth creation in the UK. Simon Wolfson is the son of Lord Wolfson, former chief of staff to Margaret Thatcher.
His appointment as joint head of the Conservative party’s official advisory group on economics will be announced tomorrow. Working with the anti-red tape Tory MP John Redwood, he will jointly chair the advisory group that will seek to reduce regulation and improve educational standards, skills in the workplace and competitiveness. It will also examine Britain’s transport infrastructure.