Oxford MailHard to be sure of ethical investments, says Bishop of Oxford (From Oxford Mail)

Get involved: send your photos, videos, news & views by texting OXFORD NEWS to 80360 or email us

Hard to be sure of ethical investments, says Bishop of Oxford

Oxford Mail: Rt Rev John Pritchard Rt Rev John Pritchard

ETHICAL purity when it comes to financial investments is “hard to achieve” in the modern day, the Bishop of Oxford has claimed.

His comments follow an announcement that the Church of England will sever all ties with payday loan company Wonga.

Rt Rev John Pritchard told the Oxford Mail: “I’m delighted that the Church of England has been able to sort out this anomaly.

“The problem is that with the multi-layered complexity of financial investments today it’s hard to achieve the ethical purity any of us may seek.

“However, we’ve been able to do it and continue the programme of encouraging credit unions rather than pay day loan companies which, as we know, can drive poorer families to despair.”

On Thursday, the Church of England released a statement to say it had withdrawn all its investment in Wonga and would be focusing on funding its own rival credit provider, the Churches’ Mutual Credit Union.

It is also expected to bring in tighter controls on its venture capital scheme as a result of criticisms made when it first emerged that it had holdings in Wonga.

That prompted the admission from Archbishop of Canterbury Justin Welby that the association was “embarrassing”.

 

  • Do you want alerts delivered straight to your phone via our WhatsApp service? Text NEWS, SPORT and JAYDEN depending on what services you want, and your full name to 07767 417704. Save our number into your phone as Oxford Mail WhatsApp and ensure you have WhatsApp installed.


Our top stories

Drink-binge driver is jailed over fuel spill

Oxford Mail: Oxford Crown Court

8:30am Wednesday 23rd July 2014

A DRINK-driver who caused a fuel spill after crashing his wife’s car into two trucks has been jailed for 16 months.

Vigil for ex-Gaza Scholar as wife and children are killed

Oxford Mail:

8:00am Wednesday 23rd July 2014

A FORMER Oxford Brookes Gaza Scholar is in intensive care and six members of his family dead after their home was bombed by Israeli forces.

17-year wait for killer to be brought to justice

Oxford Mail:

6:30am Wednesday 23rd July 2014

NOT long after 3am on Tuesday, August 26, 1997, petrol was squirted through the letterbox of 156 Magdalen Road, East Oxford, using two Tango bottles.

Man arrested after accident closes St Aldate’s

Oxford Mail:

6:00am Wednesday 23rd July 2014

A MAN was arrested for assault at the scene of an accident in St Aldate’s yesterday just metres away from the city’s police station.

A partial victory as school bus service saved for another year

Oxford Mail:

6:00am Wednesday 23rd July 2014

CAMPAIGNERS in West Oxfordshire say they have have gained a partial victory after an appeal overturned plans to end a free school bus service.

Update: Three arrested after Cowley Road pub fight

Oxford Mail:

9:12pm Tuesday 22nd July 2014

THREE people were arrested after a brawl on Cowley Road.

Comments

Post a comment

Remember you are personally responsible for what you post on this site and must abide by our site terms. Do not post anything that is false, abusive or malicious. If you wish to complain, please use the ‘report this post’ link.

click2find

About cookies

We want you to enjoy your visit to our website. That's why we use cookies to enhance your experience. By staying on our website you agree to our use of cookies. Find out more about the cookies we use.

I agree