"We're trying to compete you out of existence”

Archbishop on Wonga: business quote of the day.

“We're not in the business of trying to legislate you out of existence; we're trying to compete you out of existence”
The Archbishop of Canterbury tells the head of payday loan service Wonga that he plans to force it out of business.

Photograph: Getty Images

Helen Roxburgh is the online editor of Economia

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The New Statesman Cover | Wanted: An opposition

A first look at this week's magazine.

March 31 - April 6 
Wanted: An opposition