Sir Philip Green agrees to Commons grilling over the collapse of BHS

Businessman Sir Philip Green has agreed to appear before two parliamentary committees investigating the collapse of BHS.

Sir Philip has come in for widespread criticism after the 90-year-old high street chain fell into administration just months after he sold it for £1, putting 11,000 jobs at risk and leaving a £571 million pension fund deficit.

House of Commons Business Committee chairman Iain Wright said that he would be questioned about "enormous sums" totalling more than £400 million taken out of BHS in dividends over a four year period.

The Commons committee office confirmed that Sir Philip has contacted Parliament to confirm he is ready to answer MPs' questions.

He will appear before a joint hearing of the Business Committee and the Work and Pensions Committee at a date yet to be fixed in mid-June.