Sir Philip Green is trying to end the threat of legal action against him over the sale of BHS by writing a cheque for more than £300 million that would help to plug a hole in the company’s pension fund.
The problem with these sorts of stories is that you never know who is doing the briefing.
Is this Green saying that everyone should shut up, he’ll sort it out? Or is it someone putting pressure on Green to up his offer?
And what if, when interest rates rise again? And large parts of that funding deficit disappear. Does he get his settlement back again?