Asked whether there are any lessons that might restore public trust in business, Sir Philip responds: "I'm used to getting attacked over the last couple of weeks ... I haven't been able to visit my shops for past five weeks."

"I made a bad call selling this business to Mr Chappell," but he adds that many others also need to take responsibility.

Image source, PA

Lord Mandelson has been cleared of breaching House of Lords rules for failing to declare his involvement with a pro-EU pressure group.

Lords Commissioner for Standards Paul Kernaghan found the Labour peer was not required to register his honorary presidency of British Influence because it was an honorific post with no executive functions. 

In a report to the Lords Privileges and Conduct Committee, he said: "As Lord Mandelson wrote in his response to me, his association with the pro-European cause is well known.

Jacob Rees-Mogg says George Osborne should read European treaties "more carefully".

Jeremy Corbyn asks David Cameron to condemn the "opportunism" of 57 pro-Leave Conservative MPs, who have come out against the prospect of an "austerity Budget" if there is a vote to leave the EU.

The prime minister said there were "very few times" he was on the same side of the argument with the Labour leader, and pointed out how many MPs were backing staying in a reformed European Union. He said that staying in the EU would avoid the need for "an emergency Budget" to address what he predicted would be an economic hit from leaving the EU.

Co-chairman Iain Wright implies that for reasons of ego Sir Philip Green did not want anyone else - such as Mike Ashley - to succeed where he had failed.

"That's an insult...that's really rude...that's disgusting," Sir Philip responds.

Sky News City editor Mark Kleinman adds:

Would SPG buy BHS back now?

"Life's moved on," says Sir Philip. He reckons many of the 11,000 people employed by BHS will get jobs elsewhere.

Vicki Young
Chief Political Correspondent

Downing Street has defended the chancellor's suggestion that an emergency Budget would be needed after a Brexit vote.

A Number 10 spokesman said the "cold reality" was that if there was a huge problem with the public finances it had to be dealt with.

He said it was "remiss and irresponsible" to pretend an economic downturn wouldn't happen if the UK left the EU and it was important that people "go into the polling booth with their eyes wide open".

He added that it wasn't just politicians saying this but "respected independent forecasters" too.

Asked how the prime minister was dealing with the publication of polls suggesting the Leave campaign were ahead, the spokesman said Mr Cameron was just focused on getting his message across right up to the last minute.

The MP Iain Wright reads out a letter from Mike Ashley, the founder of Sports Direct, in which Mr Ashley says had a phone conversation with Sir Philip Green about a possible bid for BHS.

Sir Philip had previously denied knowing that Mr Ashley was in talks with Mr Chappell about a bid.

He repeats again that he had "zero knowledge" of a meeting that took all night between Mr Chappell and Mr Ashley.

"Mike Ashley phoned me up and said 'you knew it was me, didn't you?''" says Sir Philip.

"From there we had a few conversations over the Saturday ... I had no involvement in the negotiations. I don't know what the deal was," he adds.

Image source, Reuters

The Port of London Authority oversaw the vessels and says it spoke to Leave and Remain campaigners about excessive noise near HMS Belfast.

A spokesman said:

Meanwhile, a Metropolitan Police spokeswoman described the event as "good natured on both sides".  

Image source, AFP/Getty Images

Armed Forces Minister Penny Mordaunt, who is campaigning to leave the EU, says George Osborne has behaved "beyond belief" by presenting emergency Brexit Budget warnings today.

Speaking in a live Grazia debate on Facebook, she said Conservative MPs wouldn't support a post-Brexit Budget which included measures that broke manifesto commitments.

The chancellor's proposals, she said, were "ludicrous" and the "public don't believe a word of it". She dismissed it as a "crazy attempt to scare people".

Labour MP Yvette Cooper - who backs Remain - said she was "not surprised by what George Osborne has said today" because of the warnings that have already been made by economists.

Ms Cooper said faced with a hole in the public finances, she thought all Conservatives MPs would vote for public spending cuts rather than for extra borrowing, despite their protests today.

Sir Philip Green has begun taking questions again. Just has he is being asked about his "emotional ties" to BHS, Sir Philip's phone rings - a somewhat elderly Nokia, by the way.

"Maybe it's the regulator?" quips one MP, referring to Sir Philip's earlier comments about the pensions watchdog not having contacted him.

Evening Standard

Image source, Reuters

London's new Labour mayor, Sadiq Khan, has been “called to the rescue, external” by the Remain camp to persuade Labour supporters to vote against Brexit, the Evening Standard reports.

The paper says Mr Khan will undertake a nationwide tour between now and Thursday to drum up Labour support for Remain.

It adds: "He will distance himself from the government, which has been accused of a 'Project Fear' campaign, but will tell Labour supporters that voting in is the 'positive, proud and patriotic thing to do'."

BBC News Channel

Andrew Bridgen, Conservative Leave supporter, says George Osborne "needs to lie down in a darkened room and get a grip". He describes the Budget warning as his "last throw of the dice", and says with the letter today, we've "basically just seen a vote of no confidence in the chancellor".

The SNP's Joanna Cherry, a Remain backer, urges the chancellor and PM to "stop threatening people". She says the SNP have been "fighting a positive campaign" and that's reflected in the polls in Scotland where Remain is consistently ahead.

Labour's Gisela Stuart, also for Leave, says more and more Labour MPs are starting to realise how the public outside London really feel about the EU.

"Our traditional voters are on the receiving end of the greatest pressure [from immigration] and it's in their interests to vote to leave."

Ms Cherry hits back that those people are "under pressure" because of the austerity imposed by the Tory party and Labour should say that "rather than scapegoating immigrants".

Speaking to the BBC a short time ago, the SNP's Joanna Cherry mentioned support for Remain being consistently high in Scotland, but according to at least one Ipsos Mori poll, it has fallen in recent days.

The World at One
BBC Radio 4

The Greens' Jenny Jones say it's been "a fairly tough, dreary campaign" and adds that some politicians - whom she doesn't name - "have sunk to new lows".

But what is welcome, she tells The World at One, is the level of cross-party co-operation that's been happening in the campaign - and she says she hopes it "signals possible co-operation in other areas" once the referendum is over. For example, she'd like to see a political consensus on changing the electoral system to proportional representation.

In a pro-Brexit pitch, the Green peer adds:

The World at One
BBC Radio 4

Commenting on Nick Robinson's remarks, Tory minister Rory Stewart says at today's PMQs, David Cameron was "confident and assured" and that watching it unfold, he felt "more confident that the Conservative Party will bring himself together".

He acknowledges it's been a "pretty wearing campaign" but says for the most part it's been conducted pretty well, and quite "cheerfully".

Labour's Chris Bryant says he's not a commentator on British politics but "a participator" and adds that he "doesn't care" about Tory leadership battles, rather about his constituents' well-being and the economy - which he argues will be better off inside the EU.

The World at One
BBC Radio 4

BBC Today presenter - and former political editor - Nick Robinson says the referendum could - and he stresses could - trigger the felling of not just one leader, but two - David Cameron and Jeremy Corbyn. 

It could also mark "a wider realignment" in politics, he says. That's because parties are "very broad coalitions" with people with very different views having to find ways to get on together - but referendums can "reverse all the processes". For example, pro-EU Tories "no longer have to find a way to get on with anti-EU Tories", and instead have to work with people from other parties.

"That process can have a permanent effect," he adds.

The World at One
BBC Radio 4

Prince William has become the first member of the Royal family to appear on the cover of a gay magazine. He told the magazine, Attitude, that lesbian, gay, bisexual and transgender people should be proud of who they are.

Tory Rory Stewart said it was "wonderful" to see the monarchy taking an important progressive stance. Labour's Chris Bryant, who is gay, says it shows how the world has moved on.

Stuart Maisner

Brexit supporters on a flotilla of boats on the Thames clashed with a rival flotilla supporting the remain campaign. 

Faversham's Sir Bob Geldof, a remain campaigner, shouted insults at UKIP's Nigel Farage.