PRESS DIGEST- British Business - July 16
July 16 (Reuters) - The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy.
*Philip Green defended the sale of BHS, arguing that he invested £421 million ($555.21 million) in the department stores chain during his family's ownership.(bit.ly/29CVul3)
*The Bank of England must act "promptly as well as muscularly" next month with a package of measures to cushion the blow from Brexit, its chief economist, Andy Haldanehas, said.(bit.ly/29CVe5r)