The Archbishop of Canterbury's hopes to destroy pay-day loan Company Wonga by supporting non-profit making Credit Unions went awry when it was pointed out that the Church of England are indirect investors in the firm.
Justin Welsby admitted his embarrassment but he mustn't alter course. He is right to follow his instincts and seek to close down those squalid, money-grabbing operations that prey on the most vulnerable in society and while he is at it, change the investment policy of the Church.
Friday, 26 July 2013
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