A Tory MP and former minister who has been a cheerleader for so-called “blue-collar Conservatism” has warned against any tax rises that would hit working families.
The retail tycoon Sir Philip Green has ended his exile from the London social circuit with a lavish party at the Dorchester hotel to celebrate reaching retirement age.
Sir Philip Green wants the Pensions Regulator to force Dominic Chappell, the former owner of BHS, to put money into the failed retailer’s pension fund as part of any settlement to resolve the £571m deficit in the scheme.
Sir Philip Green may have to pay £1bn to resolve the problems facing the BHS pension scheme under proposals tabled by MPs.
The Pensions Regulator is seeking millions of pounds from Dominic Chappell and Retail Acquisitions in relation to the £571m deficit in the BHS pension scheme.
Tata Steel has been lambasted for considering closing its UK pension scheme before making a £60m payment scheduled for next year.
The Pensions Regulator has begun formal legal proceedings against Sir Philip Green and Dominic Chappell that could force them to fill the £571m deficit in the BHS pension scheme, marking a dramatic escalation of the scandal surrounding the demise of the high street chain.