British Home Stores
Briefing for backbench business debate on BHS on 20 October 2016.
A backbench business debate on 20 October will debate a motion in the name of the Rt Hon Frank Field and others on BHS and its pension scheme. It follows on from a report on BHS published on 25 July 2016 by the Work and Pensions and Business Innovation and Skills Committees.
There has been considerable public and parliamentary concern surrounding the collapse of BHS. Scrutiny has concentrated upon the details of transactions which led to a change of ownership and management; the roles and motivations of the previous owner (Sir Philip Green); and the poor financial position of the company's pension fund revealed post collapse.
An amendment to the motion to be debated calls for his knighthood to be removed. Sir Philip has repeatedly denied any illegality.