In her opening pitch as Prime Minister, Theresa May vowed to stick up for the man in the street and fight ‘burning injustices’. There will be fewer clear opportunities for her to put those words into action than after today’s damning report into Sir Philip Green. It’s no understatement to say that Green’s reputation lies in tatters following the publication of this report which looked into the circumstances of the collapse of BHS. Green is branded the ‘unacceptable face of capitalism’. He is accused of adopting a ‘scattergun approach’ to try and pin blame elsewhere. Instead, despite his attempts to blame others, the Select Committee report says:
‘The truth is that a large proportion of those who have got rich or richer off the back of BHS are to blame. Sir Philip Green, Dominic Chappell and their respective directors, advisers and hangers-on are all culpable. The tragedy is that those who have lost out are the ordinary employees and pensioners.’
Much of the coverage in the media is focusing on whether Green will cling on to his knighthood: MPs said they found ‘little evidence’ to back up the business acumen for which Green was made a ‘Sir’.
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