Archbishop: CoE 'has to live in the real world'

The Archbishop of Canterbury has told the Today programme that the Church of England "has to live in the real world".

After saying that he was "embarrassed" and "irritated" that the church had invested indirectly in online lender Wonga, he explained that the church "can't say that we tolerate bad things... but we have also got to be involved in day to day life... and say how do you actually live in the reality of the complexity of life today."

The Most Reverend Justin Welby has told Wonga the Church would try to force it out of business by helping credit unions compete against the firm.

But the church later said it invested in funds that provided money for Wonga.

First broadcast on BBC Radio 4's Today programme on Friday 26 July 2013.