It has been reported that the British government is seeking to make public the Insolvency Service’s report into the collapse of BHS.

The government has suggested that there would be quite a lot of public interest regarding the report. It is currently illegal to release confidential Insolvency Service reports but lawyers are looking into whether an exception can be made.

Commenting, an Insolvency Service spokesman said: “The Government will consider what detail it is appropriate to publish, having full regard to any legal restrictions on publication.”

Iain Wright, Business Select Committee added that he’d like to see the report on BHS published, "By whatever means possible".

Sir Philip Green has said that he’d like see Frank Field, chair of the Work and Pensions Committee resign from his position, ahead of the hearing on Wednesday, whilst MPs will be grilling Green on why he sold the company for £1 to Dominic Chappell and if he is responsible for the pension deficit which may have been prompted by the Arcadia owners family removing £400 million from the business.

Green's involvement with the demise of the business has also led to the possible threat of stripping his knighthood.

An adviser to the select committee, Lord Myners, said: “Although the loss of his knighthood would be the single most damaging thing to Sir Philip and Lady Green’s reputation, I do not think this is the appropriate response.”
An Insolvency Service spokesman said: “Once the investigation is completed, the Government will consider what detail it is appropriate to publish having full regard to any legal restrictions on publication, and also the legitimate public interest in the cause of the BHS failure.”

Also, confirming that he wanted to buy BHS, the Sports Direct owner has asked administrators to reopen discussions to "save a number of stores, jobs and the BHS name".