Robert Walpole Orford, 1st1717
Introduces the sinking fund for reducing the national debt
Great Britain · Government / Whig Party Government. Chronological records rendered directly from the World History Database.
Introduces the sinking fund for reducing the national debt
Taxation is shifted toward commodities. Land Tax is cut to 1 sh in the œ, a reduction of 3/4 from its peak
The National debt rises to 238m pounds & Pitt creates a single treasury
Imposes 1d more stamp duty on British newspapers
Prohibits imports of foreign newspapers
Proposes an income tax of 2s in the pound
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