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DISGRACED yacht-dwelling billionaire Sir Philip Green agreed yesterday to cough up £363 million in a bid to put the BHS pension scheme scandal behind him.
The former BHS owner claimed that his “voluntary contribution” represented “a significantly better outcome” for workers and followed “lengthy, complex discussions with the Pensions Regulator.”
The figure is markedly less than the £571m deficit left when BHS went bust last April, but Mr Green said his contribution brought “this matter to a conclusion” and apologised to those affected.
It is time to stop tolerating the governing elites incompetence which makes our lives a daily misery, argues MATT KERR
Incoming Usdaw general secretary JOANNE THOMAS talks to Ben Chacko about workers’ rights, Labour and how to arrest the decline of the high street