So another major high street retail name is to officially disappear with confirmation that a buyer can't be found for BHS. I really feel for the 11,000 employees who are set to lose their jobs, combined with the 'orphaning' of the pension funds. I look forward to both Philip & Tina Green accounting for their failings and financial manoeuvring when they appear soon in front of the Commons Business Select Committee.

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In the week that Austin Reed has announced the closure of its retail business with a further 1000 jobs lost, where do you feel that the High Street has got it wrong (besides online competition)? Who do you predict will fall next?

Company pension schemes should have to be ring fenced. Why does the taxpayer have to pick up the bill for the company spending those funds?

Online shopping has killed the high street. You go on a UK website and the next thing you know you've been billed in the Netherlands, Luxembourg, Hong Kong etc.

Optimistic as ever

There is another matter here - when was the last time you bought anything, or even went into, a BHS store?

I went last year as the missus wanted a tagine and it looked shabby, outdated and didn't stock anything that seemed desirable.

It was the same with Woolworths and HMV and Allders. Times have changed and retail has changed. Those who don't go under. Blunt but fair.

"That was fun and to round off the day, I am off to steal a charity collection box and then desecrate a place of worship.” - Smokey, The Selhurst Arms, 26/02/02

Then why is this needing to be bailed out by the PPF?

Optimistic as ever

Ring fences protect pension funds from being raided by the parent company if the parent runs into trouble. The BHS scheme is underfunded and unable to pay out its liabilities. I am surprised the trustees agreed to the sale without a significant contribution to reduce the under funding.

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This is how our screwed up system works, lunatics have taken over the asylum ..