The incoming Archbishop of Canterbury risks provoking a row with ministers by claiming that planned City reforms will fail those in Britain's poorest communities.

Just three days after being named as the new leader of the Church of England, the Right Reverend Justin Welby will demand that legislation is redrafted to shame banks into lending more money to poorer regions.

The House of Lords amendment is his first political act since he was named as the next leader of 80 million Anglicans last Friday. He is currently the Bishop of Durham and takes up the new post next month.

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