Tag Archives: embarrasing investments

Archbishop of Canterbury confesses: Church’s Wonga investments are ‘very embarrassing’, says Welby

“He’s not the messiah, he’s a very naughty boy!”

So much for the church’s historical position on usury, eh?

Via The Independent:

The Archbishop of Canterbury said revelations that the Church of England has indirectly invested in Wonga were “very embarrassing”, coming just two days after he said he wanted to drive the payday lender out of business.

It emerged yesterday that around £75,000 from the Church’s pension fund was used to fund the firm, and the Most Rev Justin Welby said he was unhappy with the investment company managing their money.

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