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<p>This is a worrying time for the BHS workforce and their families.</p><p>I understand
that there are no plans for immediate store closures and that the administrators are
looking to sell BHS as a going concern.</p><p>Clearly if this proves not to be possible,
then we stand ready to help those affected, including through Jobcentre Plus’ Rapid
Response Service, to help people move into new jobs as quickly as possible.</p><p>The
Insolvency Service continues to liaise with the administrators, and stands ready to
provide statutory assistance to employees in the event that the commercial situation
changes.</p><p>I understand that the BHS schemes are in the early stages of a Pension
Protection Fund (PPF) assessment period, during which the PPF will determine the final
funding position of the scheme and whether it should assume responsibility for a scheme.
We cannot comment on this, or any other individual case directly.</p>
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