The Archbishop of Canterbury resigned after a damning report found he failed to alert police about sexual abuse allegations made against a barrister associated with the Church of England.
He had been facing growing pressure to stand down over his “failures” to alert authorities about John Smyth QC’s “abhorrent” abuse of children and young men.
The Archbishop currently sits in the House of Lords as one of 26 Lords Spiritual of the Church of England.
Retiring Archbishops of Canterbury have, by convention, been given lifetime peerages allowing them to continue to sit in the Lords.
But on Tuesday afternoon, a Downing Street spokeswoman declined to confirm that Welby would receive a peerage.
Smyth is said to have subjected as many as 130 boys and young men to traumatic physical, sexual and psychological abuse over five decades in the UK and Africa.