Archbishop Welby, speaking on the Today programme on Radio 4, said that a review of the investment had been completed. He said: “They are working out how they can dispose of those shares without disposing of millions and millions of pounds of investment at a loss because they have a responsibility to pensioners.”
The Archbishop also admitted that there has been a “change in attitude” towards the Christian faith in Britain and that Church membership was in decline.
He said that he was nevertheless “extremely hopeful” for the future of the Church of England because of new initiatives such as the “Fresh Expressions” scheme, where congregations meet in unorthodox venues such as pubs, clubs and skateparks.
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