What the papers say: Sir Philip Green finally coughs up

Sir Philip Green has dug deep into his bulging pockets to plug the gap in BHS’s pension scheme. But the newspapers are in agreement: the tycoon’s £363m gesture counts for precious little. Even this huge payout won’t save Green’s reputation, says the Sun, which argues that while the former BHS boss has done the ‘right thing’, he should have done it eight months ago. Instead, the Sun says, Green had to be ‘strong-armed by politicians and an avalanche of bad publicity’ to make the right move. So while his decision to cough up will ease the worries of ex-BHS employees, it’s clear that Green has ‘become the poster boy for corporate greed’ – and there’s no changing that, the Sun concludes.

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The Daily Mail parrots its nickname of Green as ‘Sir Shifty’ and agrees with the Sun that the tycoon should have acted months ago to shore up the BHS pension fund.