THE Commons unanimously recommended robber baron Philip Green be stripped of his knighthood yesterday amid the increasingly toxic fallout of the BHS debacle, dubbed “one of the biggest corporate scandals of modern times.”

MPs heard that they had “no other option” but to support the push to strip Mr Green of his knighthood given his inaction to plug a gaping hole in the BHS pension fund, which had a surplus before Mr Green’s family took hundreds of millions out of the business.

They have asked the honours forfeiture committee to ensure Mr Green’s knighthood is “cancelled and annulled,” with the non-binding vote viewed by one former minister as part of the businessman’s “humiliation.”

Tory MP Richard Fuller (Bedford) suggested that Mr Green had failed “to find his moral compass” in not addressing the store’s pension deficit over the summer.

Mr Green’s actions brought further opprobrium on an already vastly tainted honours system.

Business, energy and industrial strategy committee chairman Iain Wright said Mr Green’s handling of the BHS debacle is “one of the biggest corporate scandals of modern times.”

He also sharply criticised investment management firm Goldman Sachs, which he said were “up to its necks in it.”

Labour MP David Winnick called Mr Green “a billionaire spiv” and questioned how he was deemed worthy of a knighthood in the first place, highlighting how the tycoon had put the business in the name of his wife, who lives in tax haven Monaco.

While Labour’s legend Dennis Skinner said: “This Napoleon figure has reared its head — I’d always thought Sir Philip Green was more of a (Robert) Maxwell.

“He had the money, he had the yachts, he had the workers — and he robbed them of their pensions. It’s almost a parallel.”

Labour NEC member Martin Mayer said: “While this is much deserved, it unfortunately does not pay one penny of Green’s personal fortune back into the BHS pension fund he ripped off. There is also little or no mention of his tax-dodging past.

His high-street empire Arcadia is held in his wife’s name and registered in Monaco where it pays no tax to the UK Exchequer.

“Will the Tories be embarrassed by the vote to strip Mr Green of his title? Well no. It was Tony Blair who gave it to him for services rendered to British business! Another own goal for ‘pro-big business at any cost’ New Labour.”

A No. 10 spokesman added: “There will obviously be a decision potentially made at some stage by the forfeitures committee.

“But that is an independent committee, the government has no role in that at all.”