Phillip Green BHS sale 'like giving car keys to five-year-old'

Sir Phillip Green's sale of BHS to Dominic Chappell was "like giving the keys of your car to a five-year-old", former City minister Lord Myners has told the Today programme.

Sir Phillip sold the recently collapsed high street retailer to Mr Chappell for £1 in 2015.

Lord Myners, former chairman of Marks and Spencer, is no friend of Sir Philip, since he fought off an M&S takeover bid from the Topshop owner in 2004.

He told presenter Sarah Montague that Sir Phillip could give up the security on money he lent BHS for the benefit of employees and pensioners.