The Archbishop of Canterbury has responded to the shootings in Paris by saying: "This is a moment for courage".Read the full story ›
The Archbishop of Canterbury has urged political leaders to give the North East "a lot more investment".Read the full story ›
The first portrait of the Archbishop of Canterbury, Justin Welby, has gone on display at Auckland Castle in County Durham. It was painted by the artist Roger Wagner.
It continues a tradition, dating back to the 15th century, of paintings of previous Bishops of Durham being hung at the Castle. It will go on display in the throne room.
The Archbishop of Canterbury, Justin Welby, has spoken of his embarrassment that links between the Church of England and pay-day lender Wonga have revealed.
The former Bishop of Durham had yesterday promised to take on lenders like the Newcastle United sponsor.
He said he would compete it out of business by promoting credit unions as an alternative to pay day lenders.
The Archbishop said he was irritated and embarrassed after it emerged that the Church of England indirectly invested in the payday lender.
The Archbishop of Canterbury has told ITV News the church will conduct a review following revelations the church's pension fund indirectly invested in payday lender Wonga:
The Archbishop of Canterbury has spoken on BBC Radio 4's Today programme of his "embarrassment" after it was discovered the Church of England's pension fund had indirectly invested in payday lender Wonga.
It comes a day after the Most Reverend Justin Welby told Wonga the church wants to "compete it out of existence" by supporting credit unions:
Talking about the revelation that the church's pension fund had invested in payday lender Wonga, the Most Reverend Justin Welby has said the business is "incredibly complex" and explained of a £5.5bn portfolio, £75,000 was invested indirectly in Wonga without his knowledge.
Speaking on BBC Radio 4 Today's programme, he said: "It shouldn't have happened, it's very embarrassing but these things happen and we have to find out why."
The Archbishop of Canterbury has admitted he is embarrassed by the revelations that the Church of England pension funds indirectly funded in online lender Wonga.
Asked by John Humphrys on BBC Radio 4 Today's programme whether he was embarrassed, he replied "yes."
Asked to place his embarrassment on a scale of one to 10, he said: "Eight."
After a national newspaper revealed the Church of England has links to pay-day lender Wonga, Lambeth Palace has responded. This follows the Archbishop of Canterbury's promise to take on pay-day lenders like Wonga.
"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."
"We will also be requesting the Church Commissions to investigate whether there are any other inconsistencies as normally all investment policies are reviewed by the Ethical Investment Advisory Group (EIAG)."