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MP urges Philip Green to plug BHS pension deficit

MP Ian Wright has urged Arcadia boss Philip Green to “do the right thing” and get out his cheque book to sort out the BHS pension deficit.

Wright, who chairs the business, innovations and skills committee, told the BBC’s Today programme that he was frustrated by the lack of progress since Green’s appearance before MPs in June.

“Philip Green came before our committee and said he would sort out the pension scheme, but there has been very little progress since then. If he wanted to sort this he would be getting his cheque book out and sorting it now,” he said.

As previously reported by Drapers the BHS pension deficit may have soared to more than £700m following last week’s interest rate cut.

  • Former BHS and Austin Reed staff are being offered school uniform grants by the Fashion and Textile Children’s Trust (FTCT). Read more here.

Readers' comments (1)

  • If 'Sir' PG really wanted to help, he could have made progress on this already.

    It appears he's going to use his 'shocking treatment' and umbrage to do nothing. It's sad that all he can think about is his own affairs and not that of 11,000 others

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