Sir Philip Green may face knighthood blow over pensions row
A group of Conservative MPs is preparing to call on the honours committee to strip Sir Philip Green of his knighthood, should the billionaire refuse to pump hundreds of millions into BHS's pension fund.
The backbench group is poised to write to the Honours Forfeiture Committee as Sir Philip readies for an appearance in front of MPs next week, when he will be grilled over the collapse of the retailer, which left in its wake a £571m pension deficit.
A Westminster source said: "If Sir Philip turns up next week and showers us with his wealth, throws £600m on the table and all the pensions are saved, then that's fine.
"If not, there is such outrage that there will be open calls for his knighthood to be revoked."