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Sir Philip Green has been given a role leading a government spending review.

David Cameron has appointed the Jewish billionaire Topshop boss, to identify where cuts can be made.

The unpaid role will require him and a team of civil servants to examine Labour’s last three years of spending.

His findings will then form part of Comprehensive Spending Review, to be announced in October.

The 58-year-old, who built up his empire from scratch after leaving school at 15, told BBC’s Radio 4's Today programme he thought centralising spending could be the way forward.

He said: “I want to help focus, motivate and energise to achieve these efficiency savings.”

The review is to be overse

Sir Philip Green takes on government budget