Sir Philip Green’s knighthood is under review following the collapse of BHS, it has been reported.

The businessman has come under fire from MPs over his controversial stewardship of the retailer.

And now the Cabinet Office has appeared to confirm it is looking at whether he should be stripped of his honour.

Labour MP Jim McMahon received the information from the department after demanding action against Sir Philip.

The letter said: “I hope you will understand that I cannot comment on the particular circumstances of Sir Philip, but I can assure you that the case is being reviewed.”

Mr McMahon said: “There are a lot of unanswered questions about Philip Green’s judgment.

“He was given his knighthood for services to retail, and if it turns out he acted to undermine BHS, that would undermine the honour.”