"You must have been a mind reader in your previous life," Sir Philip says to Labour MP Karen Buck questioning him on pensions.

"She's a very successful politician in this life", interjects one of her colleagues.

BBC Monitoring

Image source, AP

Turkish President Recep Tayyip Erdogan has taken what seems to be a dig at David Cameron after the prime minister suggested that Turkey was unlikely to become an EU member before the year 3000.

Drawing attention to the fact that his country has been in line for membership since 1963, he is quoted in the English language website operated by Turkish newspaper Sabah as saying: "Turkey is not an ordinary nation or an ordinary country.

"There is no such thing as 'waiting until the year 3000' or anything like that.

"No one should test our patience, and I believe that, at that point, our government will give, satisfactorily so, the requested responses to the relevant people at the necessary platforms."

The last sentence, we assume, refers to changes that would be demanded of Turkey - politically, economically, and so on - in order for it to qualify for EU membership.

Image source, Reuters

Nigel Farage is wrong and the EU actually helps the British fishing industry, according to left of centre think-tank the New Economics Foundation., external

"Fish don’t respect country boarders, so shared management of them is essential," says Griffin Carpenter, economic modeller at the NEF.

"The evidence is overwhelmingly clear that the EU’s Common Fisheries Policy is working. While fish stocks were declining before EU management, many fish stocks are now growing, meaning more fish, more profits and more employment opportunities for our fishing industry."

MPs are trying to work out how much control Sir Philip had over BHS. 

The former owner is asked about reports that he looked at a new contract for coat hangers to save BHS £400,000 when he took over the business.

If coat hangers were brought to his attention, didn't someone tell him about the growing pensions deficit, MPs ask.

"Unfortunately they didn't," he says.

Oliver Hides hosts a debate in Wrexham examining the arguments for the UK remaining in or leaving the EU with Lord Wigley, Nathan Gill and an invited audience.

Kerry McCarthy MP, Labour's shadow environment secretary, has given some thoughts on the Fish for Leave demonstration.

"Our EU membership provides access to Europe's fishing waters worth £100 million to the UK and British fishing boats are able to land and sell their catch in any EU country.

"This Tory government's continued failure to bring forward a fairer distribution of the quota means the UK's smaller, more sustainable fishermen are struggling to make a decent living - this is a Tory government decision, and nothing to do with the EU."

Image source, Getty Images

Gisela Stuart, who is a Labour MP as well as being chair of Vote Leave, says she can't believe her party - and its former chancellor - "would support an Osborne punishment Budget that is designed to hit the poorest hardest".  

Speaking about the BHS pension deficit, Sir Philip says:

"The reality is - if the world were perfect...our auditors should have spoken to us about it when we bought it on day one," says Sir Philip.

Talking about his company's takeover of the Arcadia empire in 2002, Sir Philip says he suddenly had a lot more to do, lots of new stores to deal with.

"Maybe there was too big a bandwidth," he says.

Sir Philip jokes: "2002 would have been a good time to sell [BHS]".

He repeats an offer for MPs to go to his back office team and finance team to go through the numbers.

In possibly the most unlikely development of the campaign so far, a flotilla of fishing boats is currently making its way up the Thames.

The idea behind the idea is to arrive in central London in time for prime minister’s questions at noon.  

UKIP leader Nigel Farage is leading said flotilla, which has been organised by Scottish skippers, who have set up the pro-Brexit Fishing for Leave campaign. 

The BBC's Jamie Robertson is at the hearing:

Sir Philip breaks off what he's saying and asks one of the MPs on the committee to "stop staring at me". 

"Would you mind not doing that all the time," he says to Richard Fuller, a Conservative MP. "It's making me uncomfortable." 

LBC

Image source, PA

Here's a more of what Leave campaigner Iain Duncan Smith said a bit earlier to LBC.

He described the idea of a post-referendum emergency Budget as "the most bizarre and ridiculous" thing the Remain side has done so far, adding: "Project Fear has gone into hyperspace."

Mr Duncan Smith attacked the assumptions made by the chancellor, arguing they were based on a report by the Institute for Fiscal Studies which was "skewed" because it drew on Treasury forecasts. 

He accused Mr Osborne of creating a "manufactured issue" in order to frighten and "bamboozle" the public.f