Retailer criticised over BHS

MPs back call for Green to lose knighthood

Sir Philip Green Commons 15 JuneMPs have voted in favour of stripping former BHS owner Sir Philip Green of his knighthood.

During a three-hour debate in the Commons, MPs from all parties criticised the retailer over the collapse of the group.

The motion calling for his knighthood to be annulled is not binding as any final decision would have to be taken by the Honours Forfeiture Committee.

Sir Philip sold BHS for £1 last year but it shutdown earlier this year with the loss of 11,000 jobs and a ballooning £571m pension deficit.

The non-binding motion unopposed, which meant MPs were not required to vote.

Labour’s David Winnick branded Sir Philip “a billionaire spiv who has shamed British capitalism”.

Frank Field, chairman of the Work and Pensions committee, opened the debate said one of the main findings of his committee’s report on BHS was that “literally nothing happened in BHS or Arcadia without Sir Philip knowing directly”.

Bhs store, Edinburgh (pic by Terry Murden)
Bhs store, Edinburgh (pic by Terry Murden)

Mr Field said: “We are dealing with a man who has huge sums in wealth. He could have dealt with the pensions problem and walked away smelling of roses.

“He would have helped us begin to set the debate about how we deal with pension deficits. He had nothing to say and couldn’t help us lead the debate.”

Sir Philip has promised to sort out the pensions issue and has held a number of meetings with the Pension Regulator.



Leave a Reply

Your email address will not be published. Required fields are marked as *

This site uses Akismet to reduce spam. Learn how your comment data is processed.