Never Wonga For Long

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It was all going so well for the ABC. Justin Welby’s policy of putting Wonga out of business through old fashioned market-based competition had won him plenty of admirers. Certainly pushing his capitalist credentials a lot more convincingly than his predecessor, who no doubt backs a more statist solution. Even Ed’s guru Maurice Glasman was on board. Then an almost perfect scoop from the FT: the Church invests pension funds in Wonga through Accel, a US venture capital firm.

Welby has been in full crisis comms mode on Today this morning. Awkward…




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A senior Leaver tells Guido:

“Remainers have been outgunned. They were telling us EEA was nailed on and Spreadsheet Phil was going to get a 5 year transition.”

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