Arise, Mr. Philips.

As the umpteenth derogatory comment is printed on the business acumen (or not) as well as the moral stance (or not) of both Sir Philip Green and his Lady wife, allied to the collapse of the BHS stores into bankruptcy and liquidation, I am rather puzzled.

The Select Committee who questioned both the senior executives of the old BHS bunch, the failed bankrupt who bought the BHS business for £1.00, and Sir Philip himself, delivered a ‘coruscating report’ on the various failings of the former owner, the senior bankers and advisors who ‘rubber-stamped’ the sale; but didn’t seem able to point towards any actual actions available to the Liquidators and the Pension Regulators.

Has Sir Philip actually done anything illegal? Nope. Questionable? Certainly: but anything which he can be brought before a Court, held up by his ankles and had the loot shaken out of his roomy pockets? Nope. Everything done by Sir Philip, along with his wife, will be seen to be: you can bet the kitchen sink, as being rigorously according to Company Law.

So why are the MPs so annoyed with the Greens, who are pictured smiling as they lounge on their outrageously-expensive floating gin-palaces? Is it because they know that this pair of slickers have got away with the loot: managed to carefully, and of course completely legally, to avoid pushing just over half-a-billion quid into the tattered BHS pension fund?

Why don’t the MPs, along with all their fancy advisors and hangers-on, announce that a root-and-branch reform of all these business and pension-funding loopholes will take place, with an equally firm promise that reform of all these practices will be announced within a reformed Business Bill, which will be fast-tracked through both Houses. Somehow to take away the Knighthood seems a little bit petty, as it won’t get any cash back, and the Greens will just have to print new stationery, which is a bit inconvenient; but when you have £3.5 billion, I suppose you can afford it!

7 comments for “Arise, Mr. Philips.

  1. Bunny
    July 30, 2016 at 7:24 pm

    You have outlined the problem with modern politicians, they are able to spot that something is wrong, what they are unable to do is work out how to fix it. The civil servants for all their abilities in supporting government probably couldn’t work out how to do it.

    Which is the problem with our current crop of Parliamentarians, they haven’t been in the world outside of Westminster besides being in higher education. They do not have as Macmillan put it a hinterland. This hinterland is what made Lady Thatcher so effective. Blair was a career politician setting the modern mould, his weakness was and that of his creations is that they lack this hinterland, effective communicators but otherwise not so good.

    A good start is to rid ourselves of the professional politicians and get people on board who have had experience in business, law or in industry. If we don’t the likes of Sir Philip will be able game the system at one end and at the other people will be able to live of benefits from school to retirement age at the other.

    • Scrobs...
      July 30, 2016 at 8:11 pm

      Bunny, that is a measured and interesting response.

      We see most politicians in roles where they have very little experience and even less composure when dealing with a world where they actually have to EARN their money. The Kinnocks are a prime example.

      There will always be the Maxwells. As a project/design consultant years ago, when firms like Safeway were around, I learned very swiftly that people like that were just vile animals, and should be treated thus – forget the stroking of the fur, just go for the throat.

      Nothing has changed except the people who have escaped with enormous pensions at the public’s expense no doubt.

      I wouldn’t trust a major retailer farther than I could throw him or her (remember Mothercare)!

  2. July 31, 2016 at 7:19 am

    “Why don’t the MPs, along with all their fancy advisors and hangers-on, announce that a root-and-branch reform of all these business …………”

    Indeed.

  3. Bemused
    July 31, 2016 at 7:28 am

    The loopholes written in by politicians and civil servants were at the behest of the big business owners and corporations. They were not a failure but a feature in the pensions rules. Just about all unethical greedy people and organisations (including HMG) have raided the schemes of surplus, taken contribution holidays, ended final salary, vastly reduced benefits, vastly increased pensioner contributions, increased retirement ages etc. You will note that politician and civil service pensions are unaffected and only us plebs get shafted and then taxed to pay for their pensions.

    They are all unethical, dishonest, crooks.

  4. Henry Kaye
    July 31, 2016 at 12:01 pm

    Couldn’t agree more with all these comments! I often wonder about the people who went into politics in, say, the 19th century. Did they move into politics because they had had a successful career in business and therefore knew a thing or two? Or were they bred for it like they are today? The general dissatisfaction with our parliamentarians today is very evident in anything and everything that you read. Why are they so unaware of this? Ah well, it just goes on and on doesn’t it?

  5. Stonyground
    July 31, 2016 at 5:59 pm

    “The general dissatisfaction with our parliamentarians today is very evident in anything and everything that you read. Why are they so unaware of this?”

    Because the vast majority of the sheep still vote for them?

  6. Lord T
    August 1, 2016 at 12:50 pm

    In the olden days they were successful businesses men or rich titled gentlemen with a duty to do their best for the country generally.

    Today they are professional politicians who just see themselves doing a job and they will say and do anything to keep the money flowing.

    and it isn’t that they are unaware of what we thing. They simply don’t care they have disarmed us and surround themselves with armed guards. They don’t think we are being fooled they know that we are cowards and won’t do anything about it. That will change but not at the moment. Although it has started with the rejection of the EU and Trumps rise but even so look at Mays decision that she will put off Brexit till she is ready. Making us stay in against our democratic wishes. She clearly cares not for democracy. How soon they forget Jo Cox and that should have been a warning to them.

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