State Church Offers Tenth of Slave Trade Profits

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The Church of England, Britain’s state church, has offered to spend £100mn to make good “past wrongs” in the enslavement of Africans.

The church, which is followed by a minority of Britons, profited from slavery to the extent of £1bn in today’s money.

An independent committee chaired by one of the church’s bishops has stated that the £100m offered is not enough. It wants the anti-democratic church to provide £1bn for an “impact investment fund”.

Most of the church’s profits from slavery were received through the South Sea Company that organised the slave trade between Africa and British colonies and an entity known as Queen Anne’s Bounty.