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MPs Vote To Strip Sir Philip Green Of His Knighthood After BHS Collapse

Labour MP David Winnock called Green a “billionaire spiv who should never have received a knighthood, a billionaire spiv who has shamed British capitalism”.

Chair of the work and pensions committee, Frank Field, who ran a joint inquiry into the collapse of the high street chain said the affair was a “Greek tragedy”.

He added: “There was nothing the committee could find that shows Sir Philip Green is the king of the high street. He [Green] was a very very successful asset stripper.”

He was awarded his title in 2006 for services to retail.

Green owned BHS for 15 years before selling it for £1 to Dominic Chappell. It subsequently went into administration in April of this year with a £571 million pension scheme deficit.

The last store closed its doors in August.

Green was derided for evidence of his extravagant spending, such as his £100million yacht, while the livelihoods of around 8,500 people who stood to lose their jobs hung in the balance.

There was little sympathy for Green on social media.

Article source: http://www.huffingtonpost.co.uk/2016/10/20/sir-philip-green-bhs_n_12574160.html?utm_hp_ref=uk-politics&ir=UK+Politics