So let’s get this straight…
1. Philip Green buys BHS for £200 million
2. Assets strips the company and pays £400 million in dividends to Mrs Green living in tax exile in Monaco
3. With BHS losing £80 million per annum, Green sells BHS for a nominal £1 to some dubious private investors (check them out)
4. The BHS pension fund now has a shortfall of £571 million, affecting 20,000 plus people
5. 11,000 people may lose their jobs.
6. Sir Philip Green has a personal fortune of around £3.5 billion.
7. Green treats himself to a second super yacht – this one costing £100 million.
Wouldn’t it be nice if he:
- sold one of his yachts to help his former employees so the tax payer won’t have to make up a little of the shortfall to BHS pensioners. The Pension Protection Fund is funded by a levy on all final pension schemes ie me (I think).
- returned his Knighthood
- apologised to a lot of people.
Who are the real scroungers in our society?
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