Published On: Wed, Jun 15th, 2016

BHS COLLAPSE: Sir Philip Green finally says sorry over BHS demise and admits pensions disaster is his fault

Topshop tycoon tells confesses 'somebody fell asleep' at the wheel over pensions black hole

Sir Philip Green screenshot

Sir Philip Green today finally issued a reluctant apology for BHS’ collapse and accepted the blame for company’s pensions black hole.

The former owner claimed to have not been “involved in any shape or form” in the company’s pension scheme, but confessed “it’s my fault” as he was grilled by MPs at a Works and Pensions Committee hearing today.

“It’s resolvable, sortable, we will sort it, we will find a solution and I want to give an assurance to the 20, 000 pensioners: I am there to sort this in the correct way.”

He said: “If pension trustees and auditors had spoken to us on day we bought the company, we could have fixed this mess. There was poor communication on both sides. I’m not blaming anybody.  I was not actively involved in pension conversations. Somebody was asleep at the wheel.”

Read the full story by Josh Pettitt, The Sun

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