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The Church of England vs Wonga

The Archbishop of Canterbury has told the pay-day loans company Wonga that the Church of England intends to force it out of business - by competing against it.

The Archbishop of Canterbury has told the pay-day loans company Wonga that the Church of England intends to force it out of business - by competing against it.

Justin Welby - who's criticised what he claims are excessive rates of interest charged by such companies - said the Church could help to expand financial co-operatives by providing them with premises and expertise.

But should the church be mixing faith with finance?

3 hours

Last on

Thu 25 Jul 2013 09:00

Broadcast

  • Thu 25 Jul 2013 09:00