Oral Answers to Questions Debate
Full Debate: Read Full DebateDepartment: Department for Environment, Food and Rural Affairs
Fiona Bruce
Main Page: Fiona Bruce (Conservative - Congleton)Department Debates - View all Fiona Bruce's debates with the Department for Environment, Food and Rural Affairs
(11 years, 4 months ago)
Commons ChamberRead Full debate Read Hansard Text Read Debate Ministerial Extracts
Sir Tony Baldry
I have sufficient difficulties sorting out the problems of the Church of England. I do not have responsibility for how other denominations open or close their churches. That will be, if anything, a matter for the local planning authority.
Fiona Bruce (Congleton) (Con)
4. What assessment he has made of the financial performance of the Church Commissioners in 2012; and if he will make a statement.
Sir Tony Baldry
For the financial year 2011-12, the commissioners achieved a total return of 9.7%. Over the last 20 years the commissioners have returned an average of 9.9%, which outstrips our personal aim of meeting the challenging target of retail prices index inflation plus 5%.
Fiona Bruce
Can my hon. Friend update the House on the current ethical investment policies of the Church Commissioners?
Sir Tony Baldry
The Church of England has very tough ethical investment policies, and we can demonstrate that the Church Commissioners have significantly outperformed the market while investing ethically, and that it is possible to invest ethically and get a genuinely good return on those investments.