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If Sir Philip Green pays up in full, then maybe he can keep his gong

Sir Philip Green

The stinging report by two committees of MPs on the failure of BHS left two points hanging in the air. First, the MPs did not say how much Sir Philip Green, whose reputation was demolished over 59 pages, should pay to cover the shortfall in the BHS pension schemes. It merely said Green “has a moral duty to act, a duty which he acknowledges”.

Welcome to the M&S merry-go-round

Marks & Spencer sign

Welcome to the Marks & Spencer merry-go-round, where Britain’s most famous high street retailer goes round in circles for years trying to fix its ailing clothing business.