Ted was, of course, a Tory. I wonder if we will have any of his successors saying similar things of the asset stripping at cost to the creditors, pensioners and others at BHS?
Of course there is more to learn about the failure of this company. But prima facie it would appear Sir Philip Green sought to offload his responsibilities to a new management headed by a person who had twice been bankrupted and who has now taken the group to failure whilst appearing to extract considerable reward for related parties.
Any lawyers care to comment?