Esteemed entrepreneur, Katie Price, has come up with another impeccable business plan which is sure to set the world alight. It's the product we've all been waiting for - edible, toddler make-up.

Speaking to the manager of her perfume brand, Price pitched her idea for the kiddie cosmetics range, which will be fronted by her two-year-old daughter, Princess:

"Edible lipstick, little case with wipes to take your make-up off. You can get a nice case for make-up wipe, lipsticks, blushers and mascara and nail varnishes."

Just give her the Nobel Prize now.

As is custom these days, Peter Andre is reportedly "furious" with Price and her plan to use their daughter as the name and face of the product. A 'friend' said yesterday:

"He's hoping that it's some sort of joke. He really doesn't think it's right to see a child wearing make-up BLAH BLAH BLAH"

We doubt the Daily Star will be too impressed either. The last time Price dolled little Princess Tiramisu in fake eye-lashes and lip gloss they reacted as if she had just allowed her daughter to pose on the front of Nuts magazine, claiming that it could attract paedophiles.

Katie's manager was also worried that the product would be controversial with the public, but she went on the claim this as her motivation:

"That's why I like to do it. For all you haters out there."

Not quite the businesswoman we thought she was, then. If her target market is everyone who hates her then that rules out the entire population - bar Michelle Heaton. But we're sure she'll buy them all just to keep her master best friend happy.