Skip to content
Monday 17 August 2026London --:--Frankfurt --:--Zurich --:--
NewslettersSearchEN · DE · FR
MorningWire

European business, markets and politics

FTSE 100
10,726.42
-0.22%
DAX
26,363.77
-0.29%
CAC 40
8,581.90
-0.64%
STOXX 50
6,537.20
-0.04%
  • Europe
  • Markets
  • Business
  • Economy
  • Regulation
  • Politics
  • Opinion
More
GermanyFranceEU InstitutionsCompetitionPublic AffairsBankingTechnologyEnergy
  • Germany
  • France
  • Europe
  • Markets
  • Business
  • Economy
  • Regulation
  • Politics
  • Opinion
  • DE
Tuesday 18 October 2016 11:22 am

Sir Philip Green lashes out at MPs over “bizarre” report that branded him the “unacceptable face of capitalism”

By: Helen Cahill

Add as a preferred source on Google

Sir Philip Green has published a report from a top lawyer that criticises MPs for branding him the "unacceptable face of capitalism".

The 82-page report from Lord Pannick QC, a human rights lawyer, says the joint select committee inquiry into BHS made conclusions that were "bizarre" and "unsupportable".

Read more: Sir Philip Green hires top lawyer to scrutinise MPs' inquiry into BHS

Pannick also criticised Frank Field MP, chair of the work and pensions select committee, for having "made up his mind before hearing all (or any) of the evidence" regarding Green and the sale of BHS to serial bankrupt Dominic Chappell.

The MPs concluded in a report in July that BHS' £571m pension deficit was caused by the Green family's dividends.

But Pannick's report said that the select committees "ignored clear evidence that the main causes of the pension deficit were the increasing longevity of pensioners and the global financial crisis of 2008."

Pannick also pointed out that the Greens took out dividends between 2002 and 2005, when the BHS pension scheme was in surplus.

Read more: Sir Philip Green faces grilling when MPs debate BHS' collapse next Thursday

Field said: "My own views were shaped by the evidence as well as the circumstances of those former BHS workers whose jobs have been lost and pensions put at risk.

"That one of the country's top legal minds has been drawn in to defend Sir Philip's actions shows how Herculean that task is."

The intervention from Green comes days before MPs debate BHS' collapse in the House of Commons. They will vote on whether or not Green should have his knighthood taken from him.

Share this article

  • Facebook
  • X
  • LinkedIn
  • WhatsApp
  • Email

Similarly tagged content:

Sections

  • News

Categories

  • Business
  • Retail

Trending Articles

  • Is the Zeekr 9X Super Hybrid the new luxury SUV to beat?

  • As it happened: FTSE 100 drops as oil prices rise after Trump makes Hormuz threat

  • US bond market jitters spark UK economy recession warning

  • Grandparents fund university degrees to avoid inheritance tax net

  • Aldi boss wades into supermarket ‘price-gouging’ row

More from Morning Wire

  • Government ‘mis-sold student loans’ to teenagers, MPs say

    Politics
    UK university graduate in cap and gown holding diploma at a campus ceremony, celebrating academic achievement and success
  • Farage quits to stand in ‘people versus establishment’ by-election

    Politics
    George Cottrell and Nigel Farage engaging in a conversation at a political event, both dressed in formal attire.
  • Nigel Farage wins in Clacton – and triggers investigation

    Politics
    Nigel Farage, in a striped jacket and sunglasses, speaks outside a polling station.
  • Former Lloyd’s chief John Neal breached rules with undisclosed relationship

    Insurance
    John Neal (Credit: Lloyd's of London)
  • How patient can the Bank of England be?

    AD
    Historic Royal Exchange building in London with modern skyscrapers behind, clear blue sky.
  • Britain needs a new Richard Branson

    Opinion
    Richard Branson in a suit, holding an umbrella and bowler hat, smiling in a swimming pool
  • Sadiq Khan lobbies Burnham to appoint Miliband as Chancellor 

    Politics
    Sadiq Khan addressing media at a press conference in formal attire, discussing recent developments in London policies
  • Reeves: Burnham will face ‘shocks and challenges’ as Prime Minister

    Politics
    Rachel Reeves delivering a speech at a press event, wearing a navy blazer and standing in front of a backdrop with logos.
MorningWire

Independent European business, markets and political news for decision-makers.

Morning Briefing

Europe

  • Germany
  • France
  • EU Institutions
  • Europe

Business

  • Markets
  • Business
  • Economy
  • Regulation
  • Competition
  • Public Affairs

Editorial

  • Opinion
  • Editorial Policy
  • Corrections
  • Contact

Company

  • About Morning Wire
  • Privacy Policy
  • Terms of Use
  • Cookie Policy
© 2026 Morning Wire Ltd · Published by Morning Wire Media, Bahnhofstrasse 65, 8001 Zürich, Switzerland
Privacy · Terms · Cookies · Facebook