A UK parliamentary inquiry has criticised Goldman Sachs over its role in the sale of retailer BHS, saying the lack of clarity over the Wall Street bank's involvement led to it having "authority without accountability" on the ill-fated deal.

The US bank was rapped in a report by MPs for its involvement in the sale of the store by billionaire retail mogul Sir Philip Green for £1 to former racing driver Dominic Chappell, who had no major retail experience, in March 2015.