Chapter 2 Flashcards
When was Pitt PM?
1783
What happened in 1784?
General Election: waited until there was 1 difference between whigs and tories and then called it to secure PM
How many budgets did Pitt get through?
25, more than anyone in 200 years
What was the debt in 1783?
£240 million
How did Pitt solve the debt?
Tightly managed sinking fund, put in 1 million every year from taxes- cut it by 10 million
How did Pitt solve the outdated Tarrif system?
1787- umberella of consolidation act:
Custom taxes were alagamated
How did he solve the Low Government Revenue?
Indirect taxes created, added £4 million
When was the trade treaty with France?
1786?
How was smuggling solved?
The hovering act
What did he do about no accounting checks?
Audit offices created to oversee public spending
What happened to free post?
It was abolished
Sinecure offices?
Abolished 100s by letting them lapse. Clerkship of Peur (£3000 a year) shutdown after Pitt was offered it
Pitt’s successors: who was 1st?
Henry addington
Pitt successors: 2nd?
Lord Grenville
3? A Whig in a Tory government
Duke of Portland