MPs have backed a motion to strip Sir Philip Green of his knighthood over his role in the collapse of BHS.
Their backing is not binding but their recommendation will heap pressure on the Honours Forfeiture Committee, which will confidentially consider the case.
The motion was made by Richard Fuller, conservative MP for Bedford and Kempston, who sat on the joint select committee, which examined the collapse of BHS following its sale to Dominic Chappell by Green.
MPs laid into Green and others on the Taveta Board such as Lord Grabiner during the debate.
Labour MP Clive Lewis likened Green to âjumping like the proverbial rat from a sinking shipâ while Iain Wright MP said that the Topshop tycoon âenriched and engorgedâ himself on BHS.
He said Green âtook the rings off BHSâS fingers, he beat it black and blue, he put it on life support⌠and then he asked for credit for keeping it aliveâ.
Wright told Parliament: âBHS is one of the biggest corporate scandals of modern times. Iâm sure the whole House has sympathy for the thousands of workers and pensioners who have lost their jobs and seen their pension benefits reduced as a result of greed, incompetence and hubris.
âThe reputation of business has been tarnished as a result of this greed. The vast majority of businesses are not run and managed like this. It would be wrong to tar all of business with the same brush.
âHowever, it is vital that this mess is sorted. Even at this late stage, Sir Philip should make amends for this whole story, and put right the wrongs that he himself engineered.â
Green has said he is âvery sorryâ for the hardship caused by the collapse of BHS.
As revealed by Retail Week, BHS collapsed into administration in April, one year after Green sold the department store chain to three-times bankrupt Dominic Chappell for ÂŁ1. Its collapse left a pensions black hole amounting to ÂŁ571m and meant that 11,000 employees lost their jobs.
The select committee which examined the affair branded Green âthe unacceptable face of capitalismâ.
At his appearance in front of MPs in June, Green vowed to âsortâ the pensions issue and has said that he has a constructive dialogue with the Pensions Regulator. However the regulator said yesterday that it had not received a credible offer from Green during those months.
Earlier this week, lawyers commissioned by Green published an 82-page report, slamming the select committee inquiry.


















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