Business 25 July 2013updated 22 Oct 2020 3:55pm “We’re trying to compete you out of existence” Archbishop on Wonga: business quote of the day. By Helen Roxburgh “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. Subscribe to the Saturday Read View all newsletters Your new guide to the best writing on ideas, politics, books and culture each weekend – from the New Statesman. Sign up here Select and enter your email address The Saturday Read Your weekly guide to the best writing on ideas, politics, books and culture every Saturday. The best way to sign up for The Saturday Read is via saturdayread.substack.com Morning Call The New Statesman's quick and essential guide to the news and politics of the day. The best way to sign up for Morning Call is via morningcall.substack.com Your email address First Name Last Name Sign up Visit our privacy Policy for more information about our services, how Progressive Media Investments may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. THANK YOU Close Content from our partners The Circular Economy: Green growth, jobs and resilience Spotlight Water security: is it a government priority? Spotlight Defend, deter, protect: the critical capabilities we rely on Spotlight Related UK Politics Assisted dying is not about individual suffering, but about the value we place on all human life The Weekend Interview Musa al-Gharbi’s dire diagnosis for the woke elite Media Jason Cowley to stand down as New Statesman editor-in-chief after 16 years