BILLIONAIRE fat cat Sir Philip Green is expected to “express regret” over his selling of now-defunct firm BHS to a former bankrupt with no retail experience when he faces MPs next week.

Sources close to Mr Green will apparently claim that the multimillion-pound tax avoider was “taken in” by Dominic Chappell’s “lies and deception” and say that he regrets the sale of the British Home Stores chain for a token £1 when he is summoned to testify before a parliamentary committee over the collapse of the company.

Green is also expected to offer an “olive branch” to furious MPs on the business committee by claiming that he is working on a plan that will see more cash pumped into the BHS pension scheme, which has been left with a deficit of £571 million.