Archbishop of Canterbury

Church has wider pay gap than charities or local authorities

Justin Welbey
PA
The Archbishop of Canterbury has condemned wealth inequality

A huge pay gap has been revealed at the Church of England’s asset management branch, with one staff member receiving a bonus of more than £250,000, reports today's Times.

The highest-paid worker at the Church Commissioners received 23 times more than the lowest-earning staff member, according to its latest report.

The church has a much wider pay gap than those reported by charities or local authorities. That's despite Justin Welby, the Archbishop of Canterbury, having condemned wealth inequality as a form of economic injustice, the paper points out.

The Church Commissioners’ latest annual report said that its highest-paid worker received £256,000 as a “long-term incentive payment”.

Combining bonus and salary, the worker received 23.2 times that of the lowest-paid worker and 11.3 times the median pay.

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Andrew Marr spoke to the the Archbishop of Canterbury, the Most Reverend Justin Welby

Church should keep Amazon stock

Today Programme

BBC Radio 4

Justin Welby
Getty Images

The Archbishop of Canterbury ruffled feathers when he accused online shopping giant Amazon of "leeching off the taxpayer" - especially as it emerged that the Church of England is a shareholder in the company and doesn't intend to sell its shares.

Maike Currie, investment director at Fidelity International, says that Church of England is right to keep its stock.

"Engagement is key," she says. "You can only drive change from within so engagement is becoming more and more important, it is high on the agenda of investment companies. I do think you achieve more by being in the room."