Sir Philip Green "remains on the hook" as MPs still have more questions

Alys Key
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Green is not out of the woods yet despite £363m payout (Source: Getty)

Sir Philip Green still faces more questions over his handling of the BHS pension deficit and the possibility of losing his knighthood, according to a senior MP.

Frank Field, a Labour MP who chairs the Work and Pensions Committee, told the Press Association that: "He has not done enough to hold on to his knighthood."

“When Parliament comes back from the election we need to pursue the charge sheet from the pensions regulator against him and what the pensions regulator got in return,” said the veteran MP.

Field's comments come just a few days ahead of the one year anniversary of BHS going into administration on 25 April 2016. He previously said that he welcomed the £363m out of court settlement which Green made with the pensions regulator.

Following the collapse of the company, Philip Green's sale of BHS to Dominic Chappell's Retail Acquisitions for £1 came under scrutiny as both men faced questions from MPs.

The House of Commons passed a motion recommending Green be stripped of his title in October last year, a proposal which Field says is still on the table despite Green's £363m cash settlement with the government's Pension Protection Fund.

Field said that the Prime Minister is waiting for all reports on the matter to come in before making a recommendation to the honours forfeiture committee.

Green declined to comment.

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