Payday loans cap: George Osborne caves in following intervention led by Archbishop of Canterbury November 27, 2013November 26, 2013 by Fulcrum George Osborne caved in to demands to impose a cap on payday lending costs to avert a parliamentary rebellion backed by the Archbishop of Canterbury, The Independent has learnt. Oliver Wright Indepdendent 26 November 2013 FulcrumShareTweetShare