Sir Philip Green calls a ‘truce’ with MP tormentor Frank Field

TOPSHOP owner Sir Philip Green has called for an end to frosty relations with his bete noire Frank Field MP – although it seems the pair are unlikely to be close chums anytime soon.

In letter sent to Field, Green suggested the pair ‘avoid another public spat that you so enjoy’ adding ‘why don’t we call a truce?’ Green continued: ‘You say it’s not personal, it could not be more personal. Go and tackle Carillion or someone else,’ he wrote, referring to the calamitous implosion of the Government contractor leaving behind a pension deficit of over £1billion. Green has published the private letter to Field after the MP said in The Mail on Sunday that the Topshop tycoon ‘got away with murder’ over the collapse of BHS. The warring duo have clashed repeatedly since 2016 over the BHS pension black hole which was left after the firm collapsed. Green said his £363 million payment has drawn a line under the issue. But rumours of a sale of his Arcadia business last month prompted another intervention from Field.

He wrote to Green raising concerns over the £400million Arcadia pension deficit. Green blasted back in his letter: ‘I think 18 months later everyone is bored with this story.’ He has vehemently denied the company is in sale talks.

He added that The Pension Regulator has ‘confirmed it is satisfied’ that processes are in place to protect the funds were Arcadia to be sold at some future stage.