Arcadia employee pensions (No. 2)

Motion Text

That this House notes that Arcadia has gone into administration, potentially putting approximately 13,000 jobs at risk; recognises that approximately 10,000 members of Arcadia’s pension scheme are being assessed for entry into the Pension Protection Fund; asserts that the £385 million pound agreement to support employees pensions which was concluded in 2019 must be protected; recalls Sir Philip Green’s systematic plunder of former businesses including BHS; and calls on the Government to ensure that Sir Philip Green fulfils his responsibilities to cover any pension shortfall among his employees.