CoE Ditches Investment in Wonga - One Year On

In July 2013, shortly after Archbishop Welby said he had "bluntly" told Wonga boss Errol Damelin "we're not in the business of trying to legislate you out of existence; we're trying to compete you out of existence", it emerged that the Church of England had an indirect investment in Wonga of around £75K.

One year on, and the CoE has finally distanced itself from Wonga and dispensed with the investment.