At the end of February, disgraced corporate tycoon Sir Philip Green agreed to pay £363m to plug some of the BHS pension shortfall caused by his poor stewardship of the company and its subsequent fire-sale to thrice-bankrupt retail novice Dominic Chappell.
The pension deficit of the department store chain was assessed to be £571m after its collapse last April, so Sir Philip—or just plain old “Phil” if some Members of Parliament get their way—got a £208m discount. Try passing that good news on to the 11,000 people who lost their jobs and who have seen their company pension benefits cut by 12 percent.
