GOING DOWN!

Due to an unimaginative and, with hindsight, foolhardy

investment policy the Church of England has pretty much
run out of cash. You can read all about it in an excellent
FINANCIAL TIMES article and, for insightful comment,
go read Sam's post on the matter at ELIZAPHANIAN.
Sam is a lot more informed about this sort of thing than
me so I'm just providing the joke:

Comments

GOING DOWN! — 5 Comments

  1. I’m very glad you’ve posted this as I find the Limbaugh mug horrible to look at and my heart sank every time I looked at the website only to find it grinning at me. I would SO much rather look at St Francis.

  2. I’m very glad you’ve posted this as I find the Limbaugh mug horrible to look at and my heart sank every time I looked at the website only to find it grinning at me. I would SO much rather look at St Francis.

  3. Does the church employ investment firms or is this the work of priests called into the church by a vocation from God but without any relevant financial experience and then promoted to the task of looking after the cash?

    Or does it rely on the voluntary services of retired accountants, like so many PCCs across the land?

  4. Geez, MP – what a nightmare! Our parishes must pay 18% of housing allowance and stipend to Church Pension, and even after the crash, CP was still well overfunded for all liabilities… Maybe CofE can hire them!