In recent times, one of the most recognisable British brands in history (BHS) has gone into administration, leading thousands of jobs to be put at risk. What makes such a thing worse is that those hard workers will have their pensions put at risk, leaving them with financial uncertainty in later life. The reason for this is the huge pension deficit of £580 million that has been accumulated by former owner Philip Green, in order for him to spend it on his lavish lifestyle. He also spent it on his wife Tina Green, a Monaco resident, meaning she has a significantly lower tax liability than the £150 million she would have to pay if she was a UK citizen.
To make things worse, he is doing very little to solve the issue. Despite being one of the richest people in the country (with a wealth of £3.22 billion) he doesn't seem to care very much, only pledging £80 million to solve the issue. From such evidence, it is clear that he doesn't seem to care for the lives he's potentially wrecked, nor for trying to solve it. As such, there's been an understandable backlash, including from former Dixons chairman Sir John Collins, who has advocated for Green's knighthood (of which Collins himself previously supported) to be removed.
He has a point. Between Green's terrible abuse of BHS' pension fund, his tax avoidance and his continued abuse of his overseas workers it is clear that he doesn't deserve his honour, and it should be revoked as a result.