Number one Millbank - Terry Lovell

In 1992 John Prodger, chair of the Oxford Diocesan Board of Finance, publicly expressed his concerns regarding the finances of the Church of England.That same July the Financial Times broke the news that the Church's property investment strategy had led to a devaluation of assets in the region of 500m. In fact the actual figure was eventually revealed as nearer 800m. Terry Lovell's book is the first to reveal what happened behind the headlines.
It documents the causes that led to this financial disaster, the extraordinary appointments authorized by the Archbishop of Canterbury to investigate the Commissioners' calamitous activities, and the embittered relationship between the Church Commissioners, the General Synod and senior bishops and churchmen on the issue of ethical investments and pensionsBased upon interviews with key figures, this book will cause a massive impact, not least as it examines the future of a Church which will depend much more heavily on the collection plate.