A friend of mine was recently preparing to leave the army, and began a training course for a debt recovery agency. He was horrified that the trainees were taught not to waste too much time on people who could stick up for themselves, but to concentrate on the vulnerable who could easily be intimidated, such as the elderly or single mums, from whom far more money could easily be found. He left the course, disgusted.

But the gap which the payday lenders exploit isn’t just a gap in the market. It’s a gap in our collective self discipline. We’re still a society hopelessly hooked on a spendthrift lifestyle. We see something glitzy, we want it, and we want it now, really not paying close enough attention to how on earth we’re going to pay the borrowed money back. The financial crisis that is crushing us at the moment wasn’t simply caused by the banks being feckless lenders: we were all too happy to be feckless borrowers. The banks are now being more careful ”“ perhaps overly so with business ventures ”“ but payday lending still lets people get stuff they can’t afford. Even if one has paid back a loan, there remains the constant text pestering for another: “There is £££ ready for you, just call 0800 XXX XXX and it will be in your account in 15 minutes.” As another friend told me, if you’re struggling, it can be just too hard to resist.

So, Justin Welby, the recently appointed Archbishop of Canterbury, has decided to do something about it….

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In an area of much killing where I was supporting reconciliation some years ago, I spent time with a group of Anglican priests. Several thousand people had been killed in heavy fighting during the previous week. It was the second outburst of fighting in less than ten years. The priests were bitter, mourning families, friends and church members. One gave up preaching and used the time for the sermon explaining how to strip, clean and reassemble an automatic rifle. Over a few months we worked together, thinking and praying about the situation, about the very real threats they faced, about the history of battle, and about the teaching of scripture, especially in Jonah. Slowly they learned afresh that they were loved, and learned to love and began to reach out to their enemies. The reconciliation remains fragile, but continues to this day.

We change our conflicted communities when we rediscover reconciliation in Christ for ourselves. Paul reminds the divided Ephesians that God breaks down all barriers. They are reconciled through the cross to God and are to be reconciled to others. It is costly. Reconciliation is cross-shaped. Justice is cross shaped. Churches that seek justice will find a cross, and will need to bear it. So many of you have done that. So many not only here in Guatemala, but elsewhere in the Province, know the pain of conflict. And yet we have the answer ”“ and that answer is us, says Paul. It is extraordinary, because again he was speaking to a small church in a very pagan society, and yet he was right, and history proved it over the centuries.

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During a trip which will also include visits to Guatemala and Mexico, he praised the Anglican church in the West Indies for its “imaginative” contributions to the “unity and well-being” of the Anglican Communion.

Archbishop Justin and his wife, Caroline, arrived yesterday in Bardados for a two-day visit at the invitation of the Most Revd Dr John Holder, Archbishop of the Church of the Province of the West Indies and Bishop of Barbados.

The trip is part of a series of visits to Anglican Primates which the Archbishop is making during his first eighteen months in post.

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A consortium backed by the Church of England to bid for 315 Royal Bank of Scotland branches has lined up the ex-United Utilities boss Philip Green to front its bid.

Green is to replace John Tiner, the former Financial Services Authority chief executive who stepped down as chairman in the wake of the controversy caused by the parliamentary commission on banking standards investigation into HBOS.

Green is to chair the bid vehicle ”“ one of three that have submitted bids for the RBS branches this week ”“ working alongside former Lloyds Banking Group banker John Maltby who has been lined up as chief executive.

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The Archbishop of Canterbury said this week that he felt “encouraged and uplifted by all traditions” in the Church. He was speaking after a week-long tour of the country, during which he spoke to Pentecostal, Evangelical, and Anglo-Catholic gatherings.

Archbishop Welby spoke at Hillsong, a Pentecostal Church, at the O2 Arena, in London; HTB Focus, a week away for members of Holy Trinity, Brompton, and its plants, in Lincolnshire; New Wine, a Charismatic Evangelical festival in Somerset…and the Youth Pilgrimage to the Anglican Shrine of Our Lady of Walsingham.

Writing on his blog on Sunday, Archbishop Welby admitted that, during mass and Benediction at Walsingham, on Wednesday of last week, “My first thought was ‘What a contrast with the past few days.’ But my next thought was: ‘What’s the problem?'”

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Archbishop Justin has spoken of the “joyful” work of building Christian-Muslim relationships in his first annual message to Muslims on Eid Al-Fitr, which marks the end of Ramadan.

He encouraged the “hard” but also “joyful” work of building “deep and long-lasting relationships” between the two faith communities, which he said he had experienced during his time working in Nigeria.
– See more at: http://www.archbishopofcanterbury.org/articles.php/5117/archbishop-on-eid-al-fitr-let-us-build-deep-and-lasting-ties-with-each-other#sthash.NfFu4T7M.dpuf

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Anglicans and Catholics alike, said Pope Francis, should give “a voice to the cry of the poor, so that they are not abandoned to the laws of an economy that seems at times to treat people as mere consumers.”

This well-intentioned statement could have also come from his counterpart, Archbishop of Canterbury Justin Welby, since March the head of the Church of England and supreme spiritual leader of about 80 million Anglicans worldwide. Welby, 57, has addressed issues of justice in capitalism ever since he was a theology student, and he rewrote his doctoral thesis into a treatise that poses the question: “Can Companies Sin?”

Of course they can. Unlike his predecessors, Welby can draw on his own experience to answer such questions. Before beginning his church career, Welby worked for 11 years as a financial manager in the oil industry: five years at Elf Aquitaine in France, followed by six years in London and, most recently, with Enterprise Oil, a production company that is now part of the Shell conglomerate.

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There is something endearingly audacious about Justin Welby’s expressed desire to compete the titans of Britain’s payday loan industry out of existence. But the Archbishop of Canterbury’s remarks raise two connected questions. Can he do it, and should he want to?

The first point is easier to deal with….

There are better ways for the archbishop to help the poor than for the church to dish Wonga. Those on the margins of society will always need occasional access to loans to help tide them over unscheduled expenses or interruptions in income. That these should be appropriately priced goes without saying.

The real challenge, however, is not simply to shave the interest rate by a few points, but to ensure that those who take out loans do so in the full knowledge of the risks and with a realistic plan for managing them. This means two things: first, offering genuine advice to potential borrowers; and second, real assistance should things go wrong….

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The Church should be a “movement of prayer” which creates “collateral blessing”, the Archbishop of Canterbury (above) said on Monday night. He was speaking at New Wine, a Charismatic Evangelical festival in Somerset, which he and his family attended for 12 years when he was a parish priest.

“The US Army gave us the expression ‘collateral damage’, which means killing people you did not mean to target,” he said. “People seeking Christ create collateral blessing. That means changing the world for the better, in ways you could not have predicted.”

Archbishop Welby continued: “There has never been a renewal of the Church in Western Europe without a renewal of prayer and the life of religious communities. Never. And if we want to see things changed, it starts with prayer.”

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A credit unions expert has praised the Church of England for its plan to out-compete payday lending company Wonga.

Dr Peter Davis, of the University of Leicester’s School of Management, has worked as a consultant on credit unions and other forms of co-operative around the world – including for the United Nations Anti-Poverty Unit.

He welcomed the Archbishop of Canterbury Rev Justin Welby’s plan to build up credit unions as an alternative to payday loans that charge astronomical interest rates.

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Justin Welby, the 57-year old former oil executive who quit the world of high finance in 1992 to become a priest, was enthroned in March as the 105th Archbishop of Canterbury. And now the spiritual leader of the world’s 77 million Anglicans, has revealed that he speaks “in tongues”.

During an interview with Charles Moore of The Daily Telegraph at Lambeth Palace, London, he was asked by Moore that since he was an evangelical, could he speak “in tongues” which the journalist said is the “charismatic” spiritual gift recorded in the New Testament.

Moore said that Welby answered “Oh yes”, as if he had been asked if he plays tennis.

“It’s just a routine part of spiritual discipline – you choose to speak and you speak a language that you don’t know. It just comes,” the Archbishop said.

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It was not the ideal start to the Archbishop of Canterbury’s grand initiative to bring a new morality to Britain’s banking sector….

But despite the stumble out of the gate, Welby appears committed to taking on payday loans ”“ small, high-interest, short-term loans to those who can’t get credit elsewhere ”“ as a means of “speaking for the poor.” And his plan raises questions about just how much clout the Church of England wields through its portfolio of investments and through the influence the church has over its flock ”“ how it ought to wield it.

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The Most Reverend Justin Welby joined 650 young people and their leaders at the annual youth pilgrimage to the Anglican Shrine of Our Lady of Walsingham.

He took part in a torchlight procession along the ”˜Holy Mile’ which extends from the Roman Catholic slipper chapel to the village of Walsingham and the Anglican Shrine.

Before the destruction of the shrine in the 16th century medieval pilgrims would walk the last mile of their pilgrimage barefoot from the chapel and the tradition continues today.

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As the scriptures tell it, Jesus expelled the money changers from the temple to cleanse it of a “den of thieves.” With some discernible echoes, the newly appointed archbishop of Canterbury has initiated a comparable crusade against newer financiers charging enormous interest on what are called payday loans.

Unlike the biblical showdown, though, the outcome of this newest confrontation seems freighted with moral ambiguity, risk and potential ridicule.

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…in this process of liberalisation over the centuries, it seems we have forgotten a couple of key principles. If I lend money, the borrower makes a promise to repay. If I lend money to borrowers I believe will probably default, I am inducing people to make promises they will break. Inducing promise-breaking is straightforwardly unethical.

Again, although short-term high-interest loans may (as Eck and Melanchthon claimed) help people through temporary difficulties without their being forced to liquidate assets (e.g. sell the family car) unnecessarily, if I lend money very short term and at high interest to someone that is already insolvent and that person defaults on other creditors shortly after repaying me, I have profited at the expense of those other creditors. That could be seen as akin to theft ”” capturing assets that should rightly be used to repay other loans.

It could be difficult to regulate lending that induces promise-breaking or that extorts the assets of other creditors without preventing more innocent lending that helps with liquidity or business launching.

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Once again, the Church of England was in the headlines for all the wrong reasons. The Archbishop of Canterbury Justin Welby, below, its relatively new leader, denounced the demons of payday lending, vowing to defeat them with the church’s own credit unions. Yet almost instantly it emerged that his own organisation had played a role in their creation through its huge investment funds.
For those of us who take little interest in this declining institution beyond wondering how it remains an established church in our multi-cultural age, it is just the latest farce involving bungling bishops and clerical contortions.

Yet this weekend, even Catholic-born atheists such as me are forced to concede that the current resident of Lambeth Palace is emerging as one of the most distinctive voices in the country. His deft political touch, sharp media abilities and displays of decent humanity could even help restore his church to the role expected by its followers after decades during which it failed to capitalise on its centrality to national life.

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So how will Justin Welby handle that tension? Rowan Williams’ decade in Lambeth Palace was occasionally difficult and often controversial, with the outgoing Archbishop wearily wishing his successor “the constitution of an ox and the skin of a rhinoceros.” Where Williams ”“ a Doctor of Philosophy ”“ began to irritate politicians and some parts of the press with his interventions, perhaps Welby’s background gives him a surer platform from which to speak?

“It gives me a public profile which is slightly different, but apart from that I have no more or less authority than Rowan Williams,” he insists. But there is, he admits, a clear difference. “I certainly have a less strong background in philosophy and ethics as a professional discipline”¦ certainly more experience of what happens in practice when you try and apply these things. And you need both.”

But how did that career in oil train him for the work he does today? Welby pauses. “I’m often asked that question. I never know the answer.” But the answer is this: Welby understands the world beyond the church.

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The Church of England’s ethical finance chief has defended its investment policy despite its stakes in businesses blamed for pollution, tax dodging, animal cruelty and child labour.

“Life is not perfectly good or perfectly bad,” Edward Mason said after it was revealed that the Church had been unwittingly bankrolling the payday lender Wonga. “Everything is a mess.”

The Archbishop of Canterbury, Justin Welby, has ordered a review of the Church’s multibillion-pound investments to identify inconsistencies with its moral teachings.

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…for many people in Britain the brutal question of money is becoming impossible to ignore, particularly if you have run clean out of it. Yet only someone who is truly confident around cash flows and interest rates would dare to pledge, as the Archbishop did last week, that the Church of England will back a chain of non-profit credit unions that would one day “compete” payday lenders such as Wonga out of business.

No good intention goes unpunished: just a day after that splendidly hopeful promise came the revelation that the Church of England’s pension fund itself had invested in Accel Partners, one of Wonga’s key financial backers. This was, I think, supposed to be the point at which the Archbishop was caught pitching a large stone from the door of a glass cathedral, but it somehow didn’t turn out that way. On Radio 4’s Today programme on Friday morning he openly admitted that the revelation was “very embarrassing”, and indicated that he would re-examine the Church’s decisions about its investments.

At the same time, he explained how morally complicated such choices could sometimes be: should an investment in a hotel chain, for example, be wholly disallowed simply because, like most hotels, they offered pay-per-view pornography? By the end of the interview, there was the sense that the unruffled Archbishop had treated his audience like adults.

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…before we laugh at the foolishness of the Church, we should reflect on how we are all implicated in this hypocrisy. Many of our pensions schemes and banks are invested in this billion industry built on the backs of the poor.

Welby’s courageous leadership on the issue of usurious lending practices is in stark contrast to the supine political leaders of all parties who have consistently failed to address the problem of legalized loan sharks. And Lord Maurice Glasman is exactly right to point out the challenge Welby’s action poses to the Labour Party and the left more generally. Through the leadership of Compass, Stella Creasy MP, London Citizens and the indefatigable Damon Gibbons – who since 1999 has worked on this issue through the Debt on your Doorstep campaign – some are starting to wake up to the nightmare that the kind of exploitative financial practices Wonga represents.

The silence of many on the left should be a source of deep shame, as usury is a profound challenge to all those committed to strengthening democracy and challenging oppression. Read it all.

The head of the Church of England said on Friday he was embarrassed to find out that his organisation had invested indirectly in a short-term loan company which he had vowed only days earlier to drive out of business.

The discovery of the relatively small investment was a major setback for Archbishop of Canterbury Justin Welby, after he launched a scathing attack on “payday” lenders who charge high interest rates on short-term loans that are typically repaid when borrowers receive their wages.

But the former oil executive and a member of Britain’s Banking Standards Commission said he would push ahead with his campaign to compete with, and eventually render obsolete, a business he labels “morally wrong”.

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Prince George is expected to be baptised by the Archbishop of Canterbury in the Autumn. Traditionally royal babies have been baptised in a private ceremony in the Music Room at Buckingham Palace; but some news reports suggest that a more open service at St George’s Chapel in Windsor Castle is being considered.

The British Monarch’s position as Supreme Governor of the Church of England (or, rather, the English Monarch’s position ”“ Scotland was a separate country at the time) dates back to Henry VIII’s declaration that he, not the Pope, was head of the Church in England. Henry retained the title Defender of the Faith that Pope Leo X had bestowed on him for his outspoken attack on Luther’s 95 Theses. This title, Fidei Defensor in Latin, has been part of the English monarch’s official titles ever since.

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First the Archbishop of Canterbury’s systematically-misleading statement: “We’re not trying to legislate Wonga out of business; we’re trying to compete Wonga out of business.” We should be thankful for that we have for Archbishop no Regius Professor of Obfuscation but a man who speaks as we speak in the street. Any reasonable person hearing his plain declaration of intent would conclude that the Church of England is about to compete with the payday loan company Wonga by offering clients lower interest rates on their repayments. Not so. The Church isn’t actually going to lend any money but only to make premises available for the use of credit unions. After the systematically-misleading statement, the scandal: it turns out that the Church itself is an investor in Wonga.

Read it all and there is a clarification from the Archbishop of Canterbury here

The Church of England has admitted it invests in one of Wonga’s key financial backers, a day after the Archbishop of Canterbury revealed his plans to take on the payday lender he describes as “morally wrong”.

The church, which claims to have a strong ethical investment policy that explicitly bans companies involved in payday lending, invests in Accel Partners, the US venture capital firm that led Wonga’s 2009 fundraising, the Financial Times has learnt.

A Lambeth Palace spokesperson said: “We are grateful to the Financial Times for pointing out this serious inconsistency of which we were unaware. We will be asking the Assets Committee of the Church Commissioners to investigate how this has occurred and to review the holding in this pooled investment vehicle.”

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In the past, Archbishops of Canterbury were expected to attend the birth of a future sovereign. On this occasion, Archbishop Welby blessed the new royal heir not at the Lindo Wing of St Mary’s Hospital, but from a respectful distance.

“I am delighted to congratulate the Duke and Duchess of Cambridge on the arrival of their baby boy,” he said on Monday evening. “Along with millions here and around the world, I share in their joy at this special time. May God bless this family with love, health and happiness in their shared life ahead.”

Earlier that day, he concluded a speech at Featherstone High School, Southall, with the suggestion that the audience “remember the Royal Duchess of Cambridge, who, in this heat, has gone into labour”.Read it all.

The archbishop of Canterbury has told Wonga that the Church of England wants to “compete” it out of existence as part of its plans to expand credit unions as an alternative to payday lenders.

The Most Rev Justin Welby said he had delivered the message to Errol Damelin, chief executive of Wonga, one of Britain’s best-known payday lenders, during a “very good conversation”.

“I’ve met the head of Wonga and we had a very good conversation and I said to him quite bluntly ‘we’re not in the business of trying to legislate you out of existence, we’re trying to compete you out of existence’,” he told Total Politics magazine.

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The Archbishop of Canterbury Justin Welby has described both the murder of Drummer Lee Rigby and recent attacks on Muslims as “evil acts” by those who seek to “spread hate and cause division”.

“The attacks on minority ethnic groups across the country that there have been over the last few weeks are inexecusable, unacceptable and a scandal to a tradition of hospitality in this country of which we should be deeply proud and which has contributed far more to us than it has taken from us,” he told an inter-faith audience gathered at Featherstone High School in Southall, west London.

He added: “I want, as I have already done, to acknowledge the pressure that our Muslim friends and colleagues have faced over the last few weeks. There have been terrible attacks, I know that the vast majority of those in this country and especially people of faith would join me in condemning utterly any act of violence against anyone because of their faith.

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The Archbishop of Canterbury has described the naming and shaming of bankers in the wake of the financial crisis as “lynch mobbish”.

The Most Reverend Justin Welby admitted sympathy for former bankers when hearing evidence as a member of the Banking Standards Commission.

He admitted “thinking, ‘I’m not sure I would have been very different,’ rather than thinking how bad they were”.

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The trouble is, the Church may talk about transforming communities, but it often ignores some of the most serious social injustices in this country.

This failing was obvious in a briefing that was given on welfare reform and the Church for this week’s Synod meeting. Prepared by Philip Fletcher, chairman of mission and public affairs, it stated that the Church has “a prophetic duty to point out that God’s priority for the poor and vulnerable is not being adequately reflected in the life of the nation”. A fair enough observation, but Mr Fletcher only focused on benefit cuts in his paper, which described the “state’s withdrawal from its obligations to the poorest”. He didn’t point out that other government policies ”“ such as taxes and planning laws ”“ can have just as much of a crushing effect on the vulnerable.

Anglican bishops may have written angry letters about the benefit cuts. But they haven’t complained about the political laziness driving up the benefit bills ”“ the laziness of those politicians who are lacking the will or wit to build enough homes, thereby leaving poor families in dire straits as rents continue to rise. Government research has also revealed that carbon taxes and other well-meaning but damaging policies are adding £172 to average annual energy bills. Benefits are often a cover for political failure as they pay for higher bills caused by bad policy.

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Babies make for drama. It really doesn’t make any difference where they are born or who are the parents: They always bring drama. When our first was born, she was so early we had not worked out where the hospital was. We drove around at six in the morning asking people and feeling rather stupid.

I doubt that will be the case for the Duke and Duchess of Cambridge. They are such an impressive couple. No doubt the plans and preparations will be perfect. Yet, there will still be drama.

Part of the drama is the sheer hope they bring. Babies cause us to look to the future hopefully. When this baby is old, it will be the 22nd Century. Yet he or she will be able to tell children about a great grandmother she knew ”“ who served in the Second World War.

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