Sir Philip Green’s deal to settle the BHS pension concerns has been brought into question.

Investigations by the House of Commons Work and Pensions Select Committee has said that Sir Green’s deal will not offer “88 per cent of promised benefits” to all BHS staff.

A small number of the highest paid former managers set to do best out of the deal.

BHS had stores on English Street in Carlisle and Market Street in Lancaster.

Shopworkers union leader John Hannett has questioned Sir Philip Green’s deal to settle the BHS pension and said: "After a long running campaign by Usdaw to get justice for BHS pensioners we were initially pleased that Sir Philip had finally put his hand in his pocket, having promised to 'sort' the pension scheme last June.

“However we needed to see the details of the settlement to be reassured that the offer would give BHS pensioners a better deal than they would have got through the Pension Protection Fund.

“Only a few weeks after the announcement it appears to be unravelling.

He added: “Whilst he seems to have done enough to cover the liabilities of the Pension Protection Fund, Sir Philip hasn’t gone anywhere near providing the BHS pensioners with all the benefits they accrued and are entitled to.

“He told the select committee hearing that he would secure a better deal for the pensioners than they would get under the lifeboat scheme.

“That now appears not to be the case for those who worked on the shopfloor, although the former senior managers seem to have done very well out of the deal.”