God VS Wonga
As it says in the Old Testament ‘And Lo, God did smite Wonga for lending Him a tenner at 290,000% APR and condemned them to burn in Hell.’
So, true to God’s word, The Archbishop of Canterbury, wearing a cape and his pants outside his trousers, vowed that the church would smash these unscrupulous agents of the devil and ‘compete’ them out of business using the power of THE LORD.
The Most Rev Justin Welby has met with the head of Wonga, Errol Damelin, to tell him that the church would be setting up a credit union in direct competition with the payday lenders. The plan is to create credit unions that are ‘better engaged with communities’.
The Archbishop explained. "I said to him quite bluntly that 'we're not in the business of trying to legislate you out of existence; we're trying to compete you out of existence. He’s a businessman, so he took that quite well.’
The Archbishop has already launched a credit union within the clergy, and plans to take the idea to communities by approaching some of the UK’s 500 independent credit unions and allowing them to use church owned premises for free.
All I know is, if it's not called 'Pennies from Heaven', I'm having nothing to do with it.