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Simon Wolfson lined up for seat in the Lords

The Conservative government has put Next chief executive Simon Wolfson on a list of proposed peers prompting speculation that Wolfson might be being lined up for a job if David Cameron wins the election.

The Next boss has worked closely with George Osborne on Tory economic policy and was a key figure behind a letter from business leaders apposing Labour’s proposed increase to National Insurance Contributions.

One analyst told The Telegraph: “Next shares have had a good run and so has Simon. It’s been rumoured that he’d go before, but perhaps this is it. He’d leave big shoes to fill.”

Wolfson, whose father is a life peer, has donated £238,250 to the Conservatives since January 2006.

After the election the chosen Prime Minister may choose to reject peers proposed by other parties but historically this does not happen.

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