Sir Philip Green has been awarded the government’s prestigious UFOC award for business activities, the Unacceptable Face Of Capitalism.

To win this Green had to unselfishly remove millions for the BHS pension fund and use it to buy himself another luxury yacht.

Previous winners have been Tiny Rowland and Robert Maxwell. Thought to be runner-up this year was Mike Ashley of Sports Direct, who has coincidentally expressed an interest in buying bits of BHS from the administrator.