Young Clergy Face Life On The Dole After Church of England Loses £1.3 Billion

Daily Mail (UK) ^ | May 30th 2009

[Steelfish]

Young clergy face life on the dole after Church of England loses £1.3billion

31st May 2009

No jobs: The Church is turning away graduates of theological colleges

The Church of England is turning away trainee clergy for the first time in history after £1.3billion of its investments were wiped out in the financial crisis.

Up to a dozen graduates of theological colleges will miss out on their ordination next month and may end up on the dole as there are no parish jobs for them.

The Church has previously given all graduates placements in parishes as curates, which they need before they can become ordained as priests.

But now, to the anger of senior clerics, a spending squeeze means the number of junior clergy posts has been reduced and some trainees may quit the Church.

The unprecedented situation comes after the Church Commissioners, who manage the Church’s £5.7billion assets, announced it lost £1.3billion last year as share and property holdings plunged

[elpadre]

The Anglican Church in Africa is growing like topsy. If these grads don't subscribe to the homosexual lobby, they could probably find work there.

[Martin Tell]

Bush’s fault.

[Palladin]

Were they with Bernie Madoff?

How could the Church lose that much?

They own gazillions in real estate in the British Isles.

[Cicero]

A little nugget at the bottom tells the real story. Only some students have been refused positions:

He added nearly all the unplaced students had trained at three evangelical colleges – his own, Oak Hill in London and Trinity in Bristol. And he suggested they had not been offered parish jobs because many bishops did not approve of their conservative, Bible-based views.

[Palladin]

There you have it!

They are probably heterosexual, too!

[PAR35]

Ping

[presently no screen name]

many bishops did not approve of their conservative, Bible-based views.

hmmmm - seems they don't mind loosing more than 1.3 billion. Wonder what value they put on their soul?

[Brucifer]

Assuming that they actually have souls.

[sionnsar]

Thanks to PAR35 for the ping. See post #2 also -- there are open positions in the Continuing Anglican churches also.

Traditional Anglican ping, continued in memory of its founder Arlin Adams.

FReepmail Huber or sionnsar if you want on or off this low-volume ping list.
This list is pinged by Huber and sionnsar.

Resource for Traditional Anglicans: http://trad-anglican.faithweb.com
Humor: The Anglican Blue

Speak the truth in love. Eph 4:15

[Slyfox]

How could the Church lose that much?

When the faithful are not happy they do not put any money in the collection plate.

[TaxRelief]

Yup. Anglican Church needs young, orthodox priests. The liberal ones just preach themselves out of a job (as we can see from this article).