Tuesday 28 February 2017 / 4:59 PM 2017 Press Archive / The Latest from Labour

Rebecca Long-Bailey responds to reports that Sir Philip Green has agreed to pay £363m into BHS pension fund

Rebecca
Long-Bailey MP, Labour’s Shadow Business Secretary
, commenting on
reports that Sir Philip Green has agreed to pay £363m into the BHS pension
fund, said:

“The
20,000 members of BHS’s troubled pension scheme will no doubt be relieved to
see almost a year of uncertainty come one step closer to resolution. But this
deal falls far short of justice being done.

“The
£363m contribution – a capitulation to months of pressure, despite his claim
that it is voluntary – is peanuts to billionaire Sir Philip, yet will leave an
outstanding hole of £200m in the pension scheme.”