SIR PHILIP GREEN – “LET’S HOPE MPS HAVE NOT THROWN THE BABY OUT WITH THE BATHWATER!”

SIR PHILIP GREEN – “LET’S HOPE MPS HAVE NOT THROWN THE BABY OUT WITH THE BATHWATER!”

 

So MPs have approved, without a vote, a decision to adopt a call for former BHS owner and current Arcadia owner Sir Philip Green to be stripped of his knighthood.  The motion is not binding as any final decision would have to be taken by the Honours Forfeiture Committee.

I have to say that looks a precipitous decision.  I hope, but I suspect that Frank Field did not give Sir Philip a time frame to deliver his solution on the pension deficit. If he didn’t, I fear that was an antagonistic and confrontational stance, which will bring the worst out of Sir Philip, who will be legally well advised and also by that wily old ex-journalist Neil Bennett.

I fear that the threat of the loss of his gong will not in any way encourage the Monaco based tycoon to step up to the plate and make a meaningful contribution to the pension hole. Perhaps Frank Field and his committee have lost patience with what looks like stalling and prevarication in the extreme.  However at this juncture talk and pontificating about ethics and morals is a waste of space and but a mere bagatelle.  The pensioners needed a result from Sir Philip.  They may not get one over unnecessarily hasty posturing by MPS. MPS are right that this pension issue has been outstanding throughout the whole summer, when torsos were receiving an excess of sun rays on the Cote D’Azur and maybe Cornwall in the case of the trustees, when greater efforts could have been put into this issue. Maybe there were intense efforts but MPS and the public have scant information.

In essence the silence has been deafening from the BHS Pension Trustees.  Perhaps they are exacerbated with Sir Philip. It would at least been interesting to know what they have to say for themselves as many think they have much to answer for.  Let’s hope the House of Commons has not thrown the bay out with the bathwater!

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