MPs have approved a motion to strip the former BHS boss Sir Philip Green of his knighthood. A final decision will be made by the Honours Forfeiture Committee. The multi-millionaire has been subjected to harsh criticism since BHS collapsed with the loss of 11,000 jobs and a pension deficit of more than £570m.
Veteran Labour MP David Winnick, who represents Walsall North, called the businessman “a billionaire spiv who has shamed British capitalism”. Labour’s Frank Field who chairs the Work and Pensions Committee, has been pressing the Pensions Regulator to take legal action against the tycoon who was knighted in 2006 for services to the retail industry.
But in a report commissioned by Sir Philip, MPs were accused by two senior QCs of making “serious factual and legal errors” in their report into the BHS affair. Prior to its eventual collapse the company was sold to businessman Dominic Chappell for £1.