MPs' debate about Sir Philip Green's knighthood is premature

MPs' debate about Sir Philip Green's knighthood is premature

Perhaps a deadline for the retail tycoon to ‘sort’ the BHS deficit before taking away his title might focus him on fixing the hole in the fund

Sir Philip Green is clearly desperate to keep his gong. The Topshop tycoon would not be telling ITV viewers about his “horrible, horrible, horrible” summer, or recounting his heart trouble, if the knighthood didn’t matter. We assumed as much, which is why the interview was mostly interesting for what Green, on the eve of a parliamentary debate about BHS and whether or not he should lose his knighthood, did not say about the mess at BHS.

First, he did not indicate clearly when he thinks agreement will be reached with the Pensions Regulator. Instead he said: “I am hopeful that we have some light in the tunnel to a solution,” which has been his vague line for many months. The regulator’s account was blunter: “We are yet to receive a comprehensive and credible written proposal and have made clear what we require.”

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Source: Guardian Transport

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