197-531: King Charles III [REDACTED] William, Prince of Wales [REDACTED] Charles III ( King-in-Council ) [REDACTED] Starmer ministry ( L ) Keir Starmer ( L ) Angela Rayner ( L ) ( King-in-Parliament ) [REDACTED] Charles III [REDACTED] [REDACTED] [REDACTED] The Lord Reed The Lord Hodge Andrew Bailey Monetary Policy Committee His Majesty's Treasury ( HM Treasury ), occasionally referred to as
394-579: A COVID-19 vaccine in February 2021. Charles attended the November 2021 ceremonies to mark Barbados's transition into a parliamentary republic , abolishing the position of monarch of Barbados . He was invited by Prime Minister Mia Mottley as the future Head of the Commonwealth; it was the first time that a member of the royal family attended the transition of a realm to a republic. In May of
591-564: A " Popish Plot " to assassinate the king, even accusing the queen of complicity. Charles did not believe the allegations, but ordered his chief minister Lord Danby to investigate. While Danby seems to have been rightly sceptical about Oates's claims, the Cavalier Parliament took them seriously. The people were seized with an anti-Catholic hysteria; judges and juries across the land condemned the supposed conspirators; numerous innocent individuals were executed. Later in 1678, Danby
788-523: A "Bank of England" with a "fund for perpetual Interest" (not yet bonds or bills) that was passed by Parliament, supported by Charles Montagu, Chancellor of the Exchequer and Michael Godfrey, another leading City merchant. The public were invited to invest subscriptions totalling £1.2 million forming the initial capital stock onward loaned to the Government in return for a Royal Charter. At the same time
985-507: A "significant moment for Anglo-Irish relations ". Commonwealth heads of government decided at their 2018 meeting that Charles would be the next Head of the Commonwealth after the Queen. The head is chosen and therefore not hereditary. In March 2019, at the request of the British government, Charles and Camilla went on an official tour of Cuba, making them the first British royals to visit
1182-631: A Catholic, being next in line to the throne. The prospect of a Catholic monarch was vehemently opposed by the 1st Earl of Shaftesbury (a former member of the Cabal, which had fallen apart in 1673). Lord Shaftesbury's power base was strengthened when the House of Commons of 1679 introduced the Exclusion Bill , which sought to exclude the Duke of York from the line of succession . Some even sought to confer
1379-404: A break for tea at 5:00 p.m. and eats dinner at 8:30 p.m., returning to work until midnight or after. Ahead of Christmas dinner in 2022, Charles confirmed to animal rights group PETA that foie gras would not be served at any royal residences; he had stopped the use of foie gras at his own properties for more than a decade before becoming king. During a September 2023 state banquet at
1576-405: A civil ceremony at Windsor Castle , with a subsequent religious blessing at the castle's St George's Chapel . The wedding venue was changed to Windsor Guildhall after it was realised a civil marriage at Windsor Castle would oblige the venue to be available to anyone who wished to be married there. Four days before the event, it was postponed from the originally scheduled date of 8 April until
1773-603: A definition of "value for money" and sets out the responsibilities of an Accounting Officer within central government: King Charles III Charles III (Charles Philip Arthur George; born 14 November 1948) is King of the United Kingdom and the 14 other Commonwealth realms . Charles was born in Buckingham Palace during the reign of his maternal grandfather, King George VI , and became heir apparent when his mother, Queen Elizabeth II , acceded to
1970-651: A foolish thing, And never did a wise one To which Charles is reputed to have replied "that the matter was easily accounted for: For that his discourse was his own, his actions were the ministry's". In 1665, the Great Plague of London began, peaking in September with up to 7,000 deaths per week. Charles, his family, and the court fled London in July to Salisbury ; Parliament met in Oxford . Plague cases ebbed over
2167-461: A formal society in 1660 to give a more academic and learned approach to science and to conduct experiments in physics and mathematics. Sir Robert Moray , a member of Charles's court, played an important part in achieving this outcome, and he was to be the first president of this new Royal Society . Over the years, Moray was an important go-between for Charles and the Society, and his standing with
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#17327725226192364-474: A joint visit would concentrate media attention on the cousins before they could decide on becoming a couple. In August 1979, before Charles would depart alone for India, Mountbatten was assassinated by the Irish Republican Army . When Charles returned, he proposed to Amanda. But in addition to her grandfather, she had lost her paternal grandmother and younger brother in the bomb attack and
2561-661: A life of leisure at Saint-Germain-en-Laye near Paris, living on a grant from Louis XIV of 600 livres a month. Charles could not obtain sufficient finance or support to mount a serious challenge to Cromwell's government. Despite the Stuart family connections through Henrietta Maria and the Princess of Orange, France and the Dutch Republic allied themselves with Cromwell's government from 1654, forcing Charles to leave France and turn to Spain for aid, which at that time ruled
2758-565: A long period of price stability. Money flow is based on confidence and is therefore vulnerable to panic shocks. A rescue operation, later termed the BoE's Lifeboat, in the form of syndicated guarantees by leading banks to fund for banks in crisis was established by the Governor of the Bank of England with over £17 million promised. The Bank therefore had to fully accept responsibility for the stability of
2955-532: A message that reached Charles at Breda on 8 May 1660. In Ireland, a convention had been called earlier in the year and had already declared for Charles. On 14 May, he was proclaimed king in Dublin. Charles set out for England from Scheveningen , arrived in Dover on 25 May 1660 and reached London on 29 May, his 30th birthday. Although Charles and Parliament granted amnesty to nearly all of Cromwell's supporters in
3152-553: A parachute training course at RAF Brize Norton two years later, after being appointed colonel-in-chief of the Parachute Regiment in 1977. Charles gave up flying after crash-landing a BAe 146 in Islay in 1994, as a passenger who was invited to fly the aircraft; the crew was found negligent by a board of inquiry. In his youth, Charles was amorously linked to a number of women. His girlfriends included Georgiana Russell,
3349-734: A policy of religious tolerance . The major foreign policy issue of his early reign was the Second Anglo-Dutch War . In 1670, he entered into the Treaty of Dover , an alliance with his cousin, King Louis XIV of France . Louis agreed to aid him in the Third Anglo-Dutch War and pay him a pension, and Charles secretly promised to convert to Catholicism at an unspecified future date. Charles attempted to introduce religious freedom for Catholics and Protestant dissenters with his 1672 Royal Declaration of Indulgence , but
3546-420: A private meeting in 2013. The Charity Commission described the decision to accept donations as a "matter for trustees" and added that no investigation was required. Charles II of England Charles II (29 May 1630 – 6 February 1685) was King of Scotland from 1649 until 1651 and King of England , Scotland, and Ireland from the 1660 Restoration of the monarchy until his death in 1685. Charles II
3743-497: A prominent critic of the adoption of genetically modified food , while his support for alternative medicine has been criticised. He has authored or co-authored 17 books . Charles became king upon his mother's death in 2022. At the age of 73, he was the oldest person to accede to the British throne, after having been the longest-serving heir apparent and Prince of Wales in British history. Significant events in his reign have included his coronation in 2023 and his cancer diagnosis
3940-541: A public Anglican service. The same year, in an unpopular move, Charles sold Dunkirk to King Louis XIV of France for about £375,000. The channel port, although a valuable strategic outpost, was a drain on Charles's limited finances, as it cost the Treasury £321,000 per year. Before Charles's restoration, the Navigation Acts of 1650 had hurt Dutch trade by giving English vessels a monopoly, and had started
4137-429: A recognisable genre. Theatre licences granted by Charles required that female parts be played by "their natural performers", rather than by boys as was often the practice before; and Restoration literature celebrated or reacted to the restored court, which included libertines such as Lord Rochester . Of Charles II, Rochester supposedly said: We have a pretty, witty king, Whose word no man relies on, He never said
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#17327725226194334-413: A relationship with Major James Hewitt , the family's former riding instructor. Charles and Diana's evident discomfort in each other's company led to them being dubbed " The Glums " by the press. Diana exposed Charles's affair with Parker Bowles in a book by Andrew Morton, Diana: Her True Story . Audio tapes of her own extramarital flirtations also surfaced, as did persistent suggestions that Hewitt
4531-588: A republican government eventually led by Oliver Cromwell . Cromwell defeated Charles II at the Battle of Worcester on 3 September 1651, and Charles fled to mainland Europe . Cromwell became Lord Protector of England, Scotland and Ireland. Charles spent the next nine years in exile in France, the Dutch Republic and the Spanish Netherlands . A political crisis after Cromwell's death in 1658 resulted in
4728-445: A reputation for moral laxity. Charles's marriage to Catherine of Braganza produced no surviving children, but the king acknowledged at least 12 illegitimate children by various mistresses. He was succeeded by his brother James. Charles was born at St James's Palace on 29 May 1630, eldest surviving son of Charles I , king of England , Scotland and Ireland , and his wife Henrietta Maria , sister of Louis XIII of France . Charles
4925-466: A result of injuries sustained in a car crash the following year. In 2005, Charles married his long-term partner, Camilla Parker Bowles . As heir apparent, Charles undertook official duties and engagements on behalf of his mother. He founded the Prince's Trust in 1976, sponsored the Prince's Charities , and became patron or president of more than 800 other charities and organisations. He advocated for
5122-488: A shot with a .22 rifle at the Queen in 1981, attempted to escape a psychiatric hospital in order to assassinate Charles, who was visiting New Zealand with Diana and William. While Charles was visiting Australia on Australia Day in January 1994, David Kang fired two shots at him from a starting pistol in protest of the treatment of several hundred Cambodian asylum seekers held in detention camps. In 1995, Charles became
5319-489: A similar policy innovation, the Office of Budget Responsibility was created to be an authority on macro-economic forecasting by and for Government departments. Central Authorities such as Treasury or Government Finance departments and The Central Banks had to assume responsibility for financial stability. The most glaring example of failure being Germany's currency collapse and Hyper-inflation 1921–23. Monetary stability alone
5516-561: A speech at the state banquet, he acknowledged "abhorrent and unjustifiable acts of violence", but did not formally apologise. In May 2024, the British prime minister Rishi Sunak asked the King to call a general election ; subsequently royal engagements which could divert attention from the election campaign were postponed. In June 2024, Charles and Camilla travelled to Normandy to attend the 80th anniversary commemorations of D-Day . The same month, he received Emperor Naruhito of Japan during
5713-420: A suitable, attractive, and sweet-charactered girl before she has met anyone else she might fall for ... It is disturbing for women to have experiences if they have to remain on a pedestal after marriage". Early in 1974, Mountbatten began corresponding with 25-year-old Charles about a potential marriage to Amanda Knatchbull , Mountbatten's granddaughter. Charles wrote to Amanda's mother, Lady Brabourne , who
5910-730: A victory at the Battle of Lowestoft , but in 1667 the Dutch launched a surprise attack on England (the Raid on the Medway ) when they sailed up the River Thames to where a major part of the English fleet was docked. Almost all of the ships were sunk except for the flagship, Royal Charles , which was taken back to the Netherlands as a prize . The Second Dutch War ended with the signing of
6107-609: A week of engagements each summer, and attending important national occasions, such as opening the Senedd . The six trustees of the Royal Collection Trust met three times a year under his chairmanship. Charles also represented his mother at the independence celebrations in Fiji in 1970, The Bahamas in 1973, Papua New Guinea in 1975, Zimbabwe in 1980, and Brunei in 1984. In 1983 Christopher John Lewis , who had fired
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6304-500: Is Prince Harry's father, based on a physical similarity between Hewitt and Harry. However, Harry had already been born by the time Diana's affair with Hewitt began. In December 1992, John Major announced the couple's legal separation in the House of Commons . Early the following year, the British press published transcripts of a passionate, bugged telephone conversation between Charles and Parker Bowles that had taken place in 1989, which
6501-523: Is however not enough of a guiding principle. As with the French a century before, the First World War saw the link with gold broken and the issue of low denomination notes returned once again. A vain attempt was made in 1925 to return to the discipline of the gold standard and remains handled by the Bank. The gold and foreign exchange reserves passed to the Treasury in 1931. Also in 1931, UK abandoned
6698-471: The Act of Indemnity and Oblivion , 50 people were specifically excluded. In the end nine of the regicides were executed: they were hanged, drawn and quartered , whereas others were given life imprisonment or excluded from office for life. The bodies of Oliver Cromwell, Henry Ireton and John Bradshaw were subjected to posthumous decapitations . The English Parliament granted Charles an annual income to run
6895-633: The Act of Uniformity 1662 made the use of the 1662 Book of Common Prayer compulsory; the Conventicle Act 1664 prohibited religious assemblies of more than five people, except under the auspices of the Church of England; and the Five Mile Act 1665 prohibited expelled non-conforming clergymen from coming within five miles (8 km) of a parish from which they had been banished. The Conventicle and Five Mile Acts remained in effect for
7092-703: The British Armed Forces . In October 1967, he was admitted to Trinity College, Cambridge , where he studied archaeology and anthropology for the first part of the Tripos and then switched to history for the second part. During his second year, he attended the University College of Wales in Aberystwyth , studying Welsh history and the Welsh language for one term. Charles became
7289-553: The Dean of Christ Church, Oxford , was his tutor. Neither man thought that the study of science subjects was appropriate for a future king, and Newcastle even advised against studying any subject too seriously. However, as Charles grew older, the renowned surgeon William Harvey was appointed his tutor. He was famous for his work on blood circulation in the human body and already held the position of physician to Charles I; his studies were to influence Charles's own attitude to science. As
7486-510: The Declaration of Breda , in which Charles promised lenience and tolerance. There would be liberty of conscience, and Anglican church policy would not be harsh. He would not exile past enemies nor confiscate their wealth. There would be pardons for nearly all his opponents except the regicides . Above all, Charles promised to rule in cooperation with Parliament. The English Parliament resolved to proclaim Charles king and invite him to return,
7683-508: The Earl of Essex , Algernon Sydney , Lord Russell and the Duke of Monmouth were implicated in the plot. Essex slit his own throat while imprisoned in the Tower of London; Sydney and Russell were executed for high treason on very flimsy evidence; and the Duke of Monmouth went into exile at the court of William of Orange. Lord Danby and the surviving Catholic lords held in the Tower were released and
7880-586: The East Indies , religious and commercial freedom in Portugal and two million Portuguese crowns (equivalent to £300,000 then ); while Portugal obtained military and naval support against Spain and liberty of worship for Catherine. Catherine journeyed from Portugal to Portsmouth on 13–14 May 1662, but was not visited by Charles there until 20 May. The next day the couple were married at Portsmouth in two ceremonies—a Catholic one conducted in secret, followed by
8077-594: The English Parliament forced him to withdraw it. In 1679, Titus Oates 's fabrication of a supposed Popish Plot sparked the Exclusion Crisis when it was revealed that Charles's brother and heir presumptive , James, Duke of York , had become a Catholic. The crisis saw the birth of the pro-exclusion Whig and anti-exclusion Tory parties. Charles sided with the Tories and, after the discovery of
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8274-674: The First Dutch War (1652–1654). To lay foundations for a new beginning, envoys of the States General appeared in November 1660 with the Dutch Gift . The Second Dutch War (1665–1667) was started by English attempts to muscle in on Dutch possessions in Africa and North America. The conflict began well for the English, with the capture of New Amsterdam (renamed New York in honour of Charles's brother James, Duke of York) and
8471-556: The Metropolitan Police inquiry team as a part of Operation Paget , Charles told the authorities that he did not know about his former wife's note from 1995 and could not understand why she had those feelings. In 1999 Charles and Parker Bowles made their first public appearance as a couple at the Ritz London Hotel , and she moved into Charles's official residence, Clarence House , in 2003. Their engagement
8668-636: The Palace of Versailles , it was reported that he did not want foie gras or out-of-season asparagus on the menu. Instead he was served lobster. Since founding the Prince's Trust in 1976, using his £7,500 of severance pay from the Navy, Charles has established 16 more charitable organisations and now serves as president of each. Together, they form a loose alliance, the Prince's Charities , which describes itself as "the largest multi-cause charitable enterprise in
8865-529: The Palace of Whitehall , at 11:45 am, aged 54. The suddenness of his illness and death led to suspicion of poison in the minds of many, including one of the royal doctors, but a more modern medical analysis has held that the symptoms of his final illness are similar to those of uraemia , a clinical syndrome due to kidney dysfunction. Charles had a laboratory among his many interests where, prior to his illness, he had been experimenting with mercury . Mercuric poisoning can produce irreversible kidney damage, but
9062-734: The Prime Minister . Until 1827, the First Lord of the Treasury, when a commoner, also held the office of Chancellor of the Exchequer , while if the First Lord was a peer, the Second Lord usually served as Chancellor. Since 1827, however, the Chancellor of the Exchequer has always been Second Lord of the Treasury. If important lessons were learnt that the National Debt (and public finances) require prudent management, when
9259-674: The Royal Maundy at Worcester Cathedral . He made his first major public appearance since his cancer diagnosis at the Easter service held at St George's Chapel, Windsor Castle , on 31 March. In April 2024, it was announced that he would resume public-facing duties after making progress in his cancer treatment. As early as 1985, Charles was questioning meat consumption. In the 1985 Royal Special television programme , he told host Alastair Burnet that "I actually now don't eat as much meat as I used to. I eat more fish." He also pointed out
9456-595: The Rye House Plot to murder Charles and James in 1683, some Whig leaders were executed or forced into exile. Charles dissolved the English Parliament in 1681 and ruled alone until his death in 1685. Following his restoration, Charles became known for his affability and friendliness, and for allowing his subjects easy access to his person. However, he also showed an almost impenetrable reserve, especially concerning his political agendas. His court gained
9653-542: The Southern Netherlands . Charles made the Treaty of Brussels with Spain in 1656. This gathered Spanish support for a restoration in return for Charles's contribution to the war against France. Charles raised a ragtag army from his exiled subjects; this small, underpaid, poorly-equipped and ill-disciplined force formed the nucleus of the post-Restoration army. The Commonwealth made the Treaty of Paris with France in 1657 to join them in war against Spain in
9850-578: The Third Anglo-Dutch War . The Cavalier Parliament opposed the Declaration of Indulgence on constitutional grounds by claiming that the king had no right to arbitrarily suspend laws passed by Parliament. Charles withdrew the Declaration, and also agreed to the Test Act , which not only required public officials to receive the sacrament under the forms prescribed by the Church of England, but also later forced them to denounce transubstantiation and
10047-665: The Treaty of Breda . As a result of the Second Dutch War, Charles dismissed Lord Clarendon, whom he used as a scapegoat for the war. Clarendon fled to France when impeached for high treason (which carried the penalty of death). Power passed to five politicians known collectively by a whimsical acronym as the Cabal —the Baron Clifford , Earl of Arlington , Duke of Buckingham , Baron Ashley (afterwards Earl of Shaftesbury) and Duke of Lauderdale . In fact,
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#173277252261910244-725: The Whole of Government Accounts annual financial statements are produced. The origins of the Treasury of England have been traced by some to an individual known as Henry the Treasurer, a servant to King William the Conqueror . This claim is based on an entry in the Domesday Book showing the individual Henry "the treasurer" as a landowner in Winchester, where the royal treasure was stored. The UK Treasury traces its origins to
10441-476: The restoration of the monarchy in 1660, and Charles was invited to return to Britain. On 29 May 1660, his 30th birthday, he was received in London to public acclaim. After 1660, all legal documents stating a regnal year did so as if he had succeeded his father as king in 1649. Charles's English Parliament enacted the Clarendon Code , to shore up the position of the re-established Church of England . Charles acquiesced to these new laws even though he favoured
10638-459: The state religion in all three of his kingdoms. When negotiations with the Scots stalled, Charles authorised Lord Montrose to land in the Orkney Islands with a small army to threaten the Scots with invasion, in the hope of forcing an agreement more to his liking. Montrose feared that Charles would accept a compromise, and so chose to invade mainland Scotland anyway. He was captured and executed. Charles reluctantly promised that he would abide by
10835-448: The "villainy" and "hypocrisy" of the Covenanters. Charles was provided with a Scottish court, and the record of his food and household expenses at Falkland Palace and Perth survives. Charles's alliance with the Scots led to the Anglo-Scottish War of 1650 to 1652. On 3 September 1650, the Covenanters were defeated at Dunbar by a much smaller force commanded by Oliver Cromwell . The Scots were divided between moderate Engagers and
11032-429: The "wider public good" rather than as extra funding for the monarchy. It was announced that the funding of the monarchy would be reduced to 12 per cent of the Crown Estate 's net profits. Charles and Camilla have engaged in three state visits and received three. In November 2022 they hosted the South African president, Cyril Ramaphosa , during the first official state visit to Britain of Charles's reign. In March
11229-471: The 126 years between 1785 and 1911. The UK's 1844 Bank Act even had to be suspended in 1847, 1857 and in 1866 to prevent The Bank of England's own collapse. By the time of the 2007–08 Global Financial Crisis (GFC) The UK Treasury with Bank of England staff were especially innovative in providing off-budget solutions to bank bale-outs by offering The Asset protection Scheme, whereby banks could sell large percentages of their loan-books, heavily risk- discounted, to
11426-417: The 1682 municipal elections, and in 1683 the London charter was forfeited. In retrospect, the use of the judicial system by Charles (and later his brother and heir James) as a tool against opposition, helped establish the idea of separation of powers between the judiciary and the Crown in Whig thought. Charles suffered a sudden apoplectic fit on the morning of 2 February 1685, and died four days later at
11623-449: The 1980s) and a system for fiscal transfers between rich and poor regions (much simplified and abolished in much of its refinements), through high inflation years the 1970s and 1980s (triggered by Middle-East oil wars) led to the rise the national debt (in nominal terms) from about 64% GDP ratio down to £36 billions in 1972 or 49% GDP ratio, then to £197 billion in 1987 or 39% ratio, followed by £419bn or 41% ratio by 1998. Although figures for
11820-408: The 1998 International Day for the Elimination of Racial Discrimination . Charles was one of the first public figures to express strong concerns about the human rights record of the Romanian dictator Nicolae Ceaușescu , initiating objections in the international arena, and subsequently supported the FARA Foundation, a charity for Romanian orphans and abandoned children. Two of Charles's charities,
12017-416: The British throne, at the age of 73. The previous record holder, William IV , was 64 when he became king in 1830. Charles gave his first speech to the nation at 6 pm on 9 September, in which he paid tribute to his mother and announced the appointment of his elder son, William, as Prince of Wales. The following day, the Accession Council publicly proclaimed Charles as king, the ceremony being televised for
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#173277252261912214-402: The Cabal rarely acted in concert, and the court was often divided between two factions led by Arlington and Buckingham, with Arlington the more successful. In 1668, England allied itself with Sweden, and with its former enemy the Netherlands, to oppose Louis XIV in the War of Devolution . Louis made peace with the Triple Alliance , but he continued to maintain his aggressive intentions towards
12411-437: The Catholic Mass as "superstitious and idolatrous". Clifford, who had converted to Catholicism, resigned rather than take the oath, and died shortly after, possibly from suicide. By 1674, England had gained nothing from the Anglo-Dutch War, and the Cavalier Parliament refused to provide further funds, forcing Charles to make peace. The power of the Cabal waned, and that of Clifford's replacement Lord Danby grew. Queen Catherine
12608-444: The Central Bank in exchange for Treasury Bills, kept on deposit as part of the banks' regulatory capital. They therefore did not have to finding funding gap finance in the now very expensive short term Money Markets. When US Treasury Secretary Henry Paulsen learnt of Alistair Darling 's approach, only then did he realise he had had no need to apply to Congress for TARP or closedown Lehman Brothers ! The Bank's relationship with
12805-465: The Chancellor's and therefore The Treasury's behalf. However, a revival of interest in Chicago and Austrian Schools of Monetarism, calling for depoliticised central base-rate policy settings, and claiming much would have been better had that been available during the high inflation 1970s. The re-evaluation of monetary policy roles began in the 1980s but did not result until 1997 in granting The Central Bank sole responsibility for setting interest rates and at
13002-429: The Commissioners for the Reduction of the National Debt (CRND) were integrated with the DMO. The facility lends to local authorities for capital purposes and the CRND's principal function is to manage the investment portfolios of certain public funds. The PWLB lending facility and CRND continue to carry out their long-standing statutory functions within the DMO. A brief explanation of two terms: "Exchequer" derives from
13199-405: The Commons thought too mild—the impeachment became stalled between the two Houses. As he had been required to do so many times during his reign, Charles bowed to the wishes of his opponents, committing Danby to the Tower of London , in which he was held for another five years. In Charles's early childhood, William Cavendish, Earl of Newcastle , was governor of the royal household and Brian Duppa,
13396-426: The Crown on the Protestant Duke of Monmouth , the eldest of Charles's illegitimate children. The Abhorrers —those who thought the Exclusion Bill was abhorrent—were named Tories (after a term for dispossessed Irish Catholic bandits), while the Petitioners —those who supported a petitioning campaign in favour of the Exclusion Bill—were called Whigs (after a term for rebellious Scottish Presbyterians). Fearing that
13593-405: The Duke of Albemarle, Lord Ashley, (Sir) W. Coventry, (Sir) J. Duncomb, and (Sir) T. Clifford. From the middle of the 17th century the need for a national bank became pressing. England and, in particular, London was greatly changing due to fast expansion of The Empire's trade, not least N.America, but also entrepot trade that grew to over one third of trade and with Continental Europe, however, what
13790-474: The English court, was astonished by the extent of the king's knowledge. The king freely indulged in his many interests, including astronomy, which had been stimulated by a visit to Gresham College , in October 1660, to see the telescopes made by the astronomer Sir Paul Neile . Charles was so impressed by what he saw that he ordered his own 36' telescope which he had installed in the Privy Garden at Whitehall . He would invite his friends and acquaintances to view
13987-465: The Exchequer , or more informally the Treasury , is a ministerial department of the Government of the United Kingdom . It is responsible for developing and executing the government's public finance policy and economic policy . The Treasury maintains the Online System for Central Accounting and Reporting, the replacement for the Combined Online Information System , which itemises departmental spending under thousands of category headings, and from which
14184-520: The Exchequer was abolished in 1833, HM Treasury became the ministerial department under the Chancellor of the Exchequer. When the Treasury was under commission, junior Lords were each paid £1,600 a year. It is insensible to consider the Treasury's history without the Bank of England, set up in the 17th century. The argument for England's bank grew after the "Glorious Revolution" of 1688 when William of Orange and Queen Mary ascended to England's throne. London-based Scottish entrepreneur, William Paterson proposed
14381-549: The Exclusion Bill angered some Protestants. Protestant conspirators formulated the Rye House Plot , a plan to murder him and the Duke of York as they returned to London after horse races in Newmarket . A great fire, however, destroyed Charles's lodgings at Newmarket, which forced him to leave the races early, thus inadvertently avoiding the planned attack. News of the failed plot was leaked. Protestant politicians such as
14578-416: The Exclusion Bill would be passed, and bolstered by some acquittals in the continuing Plot trials, which seemed to him to indicate a more favourable public mood towards Catholicism, Charles dissolved the English Parliament, for a second time that year, in mid-1679. Charles's hopes for a more moderate Parliament were not fulfilled; within a few months he had dissolved Parliament yet again, after it sought to pass
14775-530: The Exclusion Bill. When a new Parliament assembled at Oxford in March 1681, Charles dissolved it for a fourth time after just a few days. During the 1680s, however, popular support for the Exclusion Bill ebbed, and Charles experienced a nationwide surge of loyalty. Lord Shaftesbury was prosecuted (albeit unsuccessfully) for treason in 1681 and later fled to Holland, where he died. For the remainder of his reign, Charles ruled without Parliament. Charles's opposition to
14972-799: The Gold Standard for domestic currency redemption. Domestic note issue was no longer backed by gold. It may be remarked, quite fairly, that in the last half century, monetary systems management, financial planning and regulatory oversight, effectively everything but a political-economy policy direction strategy, has come to be applied comprehensively to financial services, all at a time when industrial policy and strategic oversight to all industries making tradable goods, has been discarded. Government can get involved in industrial strategy and public and some private services in response to strikes, closures, or FDI investment flows. Crises of systemic collapses after excessive confidence inevitably continued through
15169-487: The Government or by commerce – rendered itself liable to its depositors wanting all their money returned at once. The Bank therefore, needed to retain a prudent reserve of gold to ensure liabilities could be met on demand. This can be seen as the beginning of a policy of monetary stability. The 1844 bank Charter Act, After the French Wars, sterling's exchange rate was high so that the trade balance with Continental Europe
15366-647: The Governor of Scotland, was concerned that the nation would descend into anarchy. Monck and his army marched into the City of London , and forced the Rump Parliament to re-admit members of the Long Parliament who had been excluded in December 1648, during Pride's Purge . Parliament dissolved itself, and there was a general election for the first time in almost 20 years. The outgoing Parliament defined
15563-508: The House of Commons failed to view him as a reluctant participant in the scandal, instead believing that he was the author of the policy. To save Danby from the impeachment trial, Charles dissolved the Cavalier Parliament in January 1679. The new English Parliament, which met in March of the same year, was quite hostile to Charles. Many members feared that he had intended to use the standing army to suppress dissent or impose Catholicism. However, with insufficient funds voted by Parliament, Charles
15760-621: The Indies. Earlier in 1668 he leased the islands of Bombay to the company for a nominal sum of £10 paid in gold. The Portuguese territories that Catherine brought with her as a dowry proved too expensive to maintain; Tangier was abandoned in 1684. In 1670, Charles granted control of the entire Hudson Bay drainage basin to the Hudson's Bay Company by royal charter, and named the territory Rupert's Land , after his cousin Prince Rupert of
15957-497: The King and Queen toured Australia and Samoa; it was their first visit to a Commonwealth realm since his accession. In Samoa, Charles attended the Commonwealth Heads of Government Meeting for the first time as head of the Commonwealth. The tour was significantly scaled back owing to his cancer diagnosis, a planned visit to New Zealand being among the cancelled events. Charles temporarily paused cancer treatment during
16154-1036: The Kingdoms of Great Britain and Ireland had been united by the Acts of Union 1800 , the exchequers of the two kingdoms were not consolidated until 1817 under the Consolidated Fund Act 1816 ( 56 Geo. 3 . c. 98). For the holders of the Irish office before this date, see Chancellor of the Exchequer of Ireland . As of 5 July 2024, the Treasury Ministers are as follows, with cabinet ministers in bold: National Infrastructure Strategy, National Infrastructure Commission; Infrastructure and Projects Authority (IPA, joint with Cabinet Office); Public – Private Partnerships; (PPPs) and Private Finance Initiatives (PFI/PFI2); parliamentary deputy on public spending issues. Parliamentary deputy on economy issues. Some of
16351-601: The Lords of the Treasury and were given a number based on their seniority. In 1720 the South Sea bubble burst and thousands of investors were affected; such was the outrage that the Chancellor of the Exchequer was sent to the Tower of London. Eventually the First Lord of the Treasury came, however, to be seen as the natural head of government, and from Robert Walpole on, the holder of the office became known, unofficially, as
16548-564: The Mathematical School at Christ's Hospital in 1673 and, two years later, following concerns over French advances in astronomy, he founded the Royal Observatory at Greenwich. He maintained an interest in chemistry and regularly visited his private laboratory. There, dissections were occasionally carried out, and observed by the king. Pepys noted in his diary that on the morning of Friday, 15 January 1669, while he
16745-530: The National Debt was born, paper money came into existence. From the start, complementing the Treasury's policy-setting and oversight role, the Bank became the Government's banker; managing the Government's Treasury bank accounts, providing and arranging loans, maintaining cash-flow as required. It is also a commercial bank, dealing in bills and bonds (its own are called Gilts) sold to fund government borrowing, sometimes The Great Trading Franchises such as East India or Royal Africa and South Sea Companies. Involvement
16942-440: The Netherlands. In 1670, Charles, seeking to solve his financial troubles, agreed to the Treaty of Dover , under which Louis would pay him £160,000 each year. In exchange, Charles agreed to supply Louis with troops and to announce his conversion to Catholicism "as soon as the welfare of his kingdom will permit". Louis was to provide him with 6,000 troops to suppress those who opposed the conversion. Charles endeavoured to ensure that
17139-535: The Netherlands. Royalist supporters in the Spanish force were led by Charles's younger brother James, Duke of York . At the Battle of the Dunes in 1658, as part of the larger Spanish force, Charles's army of around 2,000 clashed with Commonwealth troops fighting with the French. By the end of the battle Charles's force was about 1,000 and with Dunkirk given to the English the prospect of a Royalist expedition to England
17336-653: The Parliamentarian fleet defected, it did not reach Scotland in time to join up with the Royalist Engager army led by the Duke of Hamilton before it was defeated at Preston by the New Model Army . At The Hague, Charles had a brief affair with Lucy Walter , who later falsely claimed that they had secretly married. Her son, James Crofts (afterwards Duke of Monmouth and Duke of Buccleuch ),
17533-466: The Prince's Foundation and the Prince of Wales's Charitable Fund (later renamed the King's Foundation and King Charles III Charitable Fund, respectively), came under scrutiny in 2021 and 2022 for accepting donations the media deemed inappropriate. In August 2021, it was announced that the Prince's Foundation was launching an investigation into the reports, with Charles's support. The Charity Commission also launched an investigation into allegations that
17730-549: The Prince's Trust in 1976 and travelling to the United States in 1981. In the mid-1970s, he expressed an interest in serving as governor-general of Australia , at the suggestion of Australian prime minister Malcolm Fraser ; however, because of a lack of public enthusiasm, nothing came of the proposal. In reaction, Charles commented, "so, what are you supposed to think when you are prepared to do something to help and you are just told you're not wanted?" Charles served in
17927-576: The Queen in December 1995 to end the marriage. The couple shared custody of their children. Diana was killed in a car crash in Paris on 31 August 1997. Charles flew to Paris with Diana's sisters to accompany her body back to Britain. In 2003 Diana's butler Paul Burrell published a note that he claimed had been written by Diana in 1995, in which there were allegations that Charles was "planning 'an accident' in [Diana's] car, brake failure and serious head injury", so that he could remarry. When questioned by
18124-608: The Republic of Ireland in May 2015. The British Embassy called the trip an important step in "promoting peace and reconciliation". During the trip, he shook hands in Galway with Gerry Adams , leader of Sinn Féin and widely believed to be the leader of the IRA , the militant group that had assassinated Lord Mountbatten in 1979. The event was described by the media as a "historic handshake" and
18321-587: The Rhine , the company's first governor. Although previously favourable to the Crown, the Cavalier Parliament was alienated by the king's wars and religious policies during the 1670s. In 1672, Charles issued the Royal Declaration of Indulgence , in which he purported to suspend all penal laws against Catholics and other religious dissenters. In the same year, he openly supported Catholic France and started
18518-861: The Royal Air Force (RAF) and the Royal Navy. During his second year at Cambridge, he received Royal Air Force training, learning to fly the Chipmunk aircraft with the Cambridge University Air Squadron , and was presented with his RAF wings in August 1971. After the passing-out parade that September, Charles embarked on a naval career and enrolled in a six-week course at the Royal Naval College Dartmouth . He then served from 1971 to 1972 on
18715-508: The Stuarts failed to enforce limits on inflation, war, corruption and extravagant tendencies and were forced into debt again. In 1667, King Charles II was responsible for appointing George Downing , the builder of Downing Street , to radically reform the Treasury and the collection of taxes. The Treasury was first put in commission (placed under the control of several people instead of only one) in May or June 1660. The first commissioners were
18912-528: The Treasury are sinecure positions which allow the whips to be paid ministerial salaries. This has led to the Government front bench in the Commons being known as the Treasury Bench. However, since the whips no longer have any effective ministerial roles in the Treasury, they are usually not listed as Treasury ministers. The position of Permanent Secretary to the Treasury is generally regarded as
19109-558: The Treasury changed several times, and continues no less intimate than that between US Treasury and The Federal Reserve. The funds which the Bank deploys, including note sat issue, specie in circulation, securities, Gold and foreign exchange reserves. Nationalisation in 1946, after WWII, made little immediate practical difference to the Bank. It remained the Treasury's partner, adviser, agent and debt manager. During War years and after it, and or they together, determined and administered exchange controls and various borrowing restrictions, often on
19306-819: The Treasury of the Kingdom of England , founded by 1126, in the reign of King Henry I . The Treasury emerged from the Royal Household . It was where the king kept his treasures, such as in The King's Chamber. The head of the Treasury was called the Lord Treasurer . Starting in Tudor times, the Lord Treasurer became one of the chief officers of state, and competed with the Lord Chancellor for
19503-579: The Treaty—especially the conversion clause—remained secret. It remains unclear if Charles ever seriously intended to convert. Meanwhile, by a series of five charters, Charles granted the East India Company the rights to autonomous government of its territorial acquisitions, to mint money, to command fortresses and troops, to form alliances, to make war and peace, and to exercise both civil and criminal jurisdiction over its possessions in
19700-478: The USA's Marshall Plan and other plans and focus on growing and trading out of debt while also de-colonising and honouring intra-Empire debt such as owed to India. The 1950s and early 1960s saw an increase in authority delegated to departments to spend within predetermined totals. with awareness of the net costs after tax generated and recovered (a practise stopped after 1979) and national industrial planning (abolished in
19897-401: The United Kingdom, raising over £100 million annually ... [and is] active across a broad range of areas including education and young people, environmental sustainability, the built environment, responsible business and enterprise, and international". As Prince of Wales, Charles became patron or president of over 800 other charities and organisations. The Prince's Charities Canada
20094-575: The amount of money involved. The stick was cut in two and one half given to the Sheriff as receipt for the money. They were in use until 1834 when a fire destroyed the Palace of Westminster. By 1584, the deficit had been turned into a surplus equivalent to one year's revenue. Monarchs tended to bypass the Exchequer because of its ineffectiveness until it was reformed by Lord Treasurer Winchester and his successor, Lord Burghley, under Elizabeth I. In contrast,
20291-567: The banking system as a whole. This is now generally accepted duty by all central banks, each of whom issue annual Solvency and Financial Condition Reports of their national banking sectors. The threat of World War One pushed Government finance and the banking system into a short and medium term, then a longer run ongoing embarrassment of unprecedented high national debt (measured as a ratio to national income) overseen by both The Treasury and The Bank together. This crisis arguably pre-dates major world wars, and began by when half of world trade by value
20488-550: The case for that being a cause of his death is unproven. In the days between his collapse and his death, Charles endured a variety of torturous treatments, including bloodletting , purging and cupping , in the hope of effecting a recovery, which may have exacerbated his uraemia through dehydration, rather than helping to alleviate it. On his deathbed, Charles asked his brother, James, to look after his mistresses: "be well to Portsmouth , and let not poor Nelly starve". He told his courtiers, "I am sorry, gentlemen, for being such
20685-515: The chequered abacus table used from about 1110 for summing income and expenditure. Exchequers were held twice yearly when the Chief Justice, Lord Chancellor, Treasurer and others sat round the chequer board, to audit and agree accounts of each local sheriff who collected taxes and duties and spent money on behalf of the crown. The word "budget" derives from the term "bougette"- a wallet in which either documents or money could be kept. Although
20882-546: The cleric John Earle , well known for his satirical book Microcosmographie , with whom he studied Latin and Greek, and Thomas Hobbes , the philosopher and author of Leviathan , with whom he studied mathematics. In France, Charles assisted his childhood friend, the Earl of Buckingham , with his experiments in chemistry and alchemy , with the Earl convinced he was close to producing the philosopher's stone . Although some of Charles's studies, while abroad, may have helped to pass
21079-402: The code name Operation Golden Orb . Reports before his accession suggested that Charles's coronation would be simpler than his mother's in 1953, with the ceremony expected to be "shorter, smaller, less expensive, and more representative of different faiths and community groups – falling in line with the King's wish to reflect the ethnic diversity of modern Britain". Nonetheless,
21276-450: The conservation of historic buildings and the importance of traditional architecture in society. In that vein, he generated the experimental new town of Poundbury . An environmentalist, Charles supported organic farming and action to prevent climate change during his time as the manager of the Duchy of Cornwall estates, earning him awards and recognition as well as criticism; he is also
21473-530: The coronation was a Church of England rite, including the coronation oath , the anointment , delivery of the orb , and enthronement . In July that year, the royal couple attended a national service of thanksgiving where Charles was presented with the Honours of Scotland in St Giles' Cathedral . In July 2023, Charles asked for the profits from Britain's growing fleet of offshore windfarms to be used for
21670-494: The country. The tour was seen as an effort to form a closer relationship between Cuba and the United Kingdom. Charles contracted COVID-19 during the pandemic in March 2020. Several newspapers were critical that Charles and Camilla were tested promptly at a time when many NHS doctors, nurses and patients had been unable to be tested expeditiously. He tested positive for COVID-19 for a second time in February 2022. He and Camilla, who also tested positive, had received doses of
21867-514: The couple's continuing courtship attracted intense attention from the press and paparazzi. When Charles's father told him that the media speculation would injure Diana's reputation if Charles did not come to a decision about marrying her soon, and realising that she was a suitable royal bride (according to Mountbatten's criteria), Charles construed his father's advice as a warning to proceed without further delay. He proposed to Diana in February 1981, with their engagement becoming official on 24 February;
22064-624: The couple's incompatibility and near 13-year age difference. In 1986, Charles had fully resumed his affair with Camilla Parker Bowles. In a videotape recorded by Peter Settelen in 1992, Diana admitted that, from 1985 to 1986, she had been "deeply in love with someone who worked in this environment." It was assumed that she was referring to Barry Mannakee , who had been transferred to the Diplomatic Protection Squad in 1986, after his managers determined his relationship with Diana had been inappropriate. Diana later commenced
22261-571: The current Zimbabwean regime abhorrent". Charles represented the Queen at the opening ceremony of the 2010 Commonwealth Games in Delhi, India. In November 2010, he and Camilla were indirectly involved in student protests when their car was attacked by protesters. In November 2013, he represented the Queen for the first time at a Commonwealth Heads of Government Meeting , in Colombo , Sri Lanka. Charles and Camilla made their first joint trip to
22458-471: The daughter of Sir John Russell , who was the British ambassador to Spain ; Lady Jane Wellesley , the daughter of the 8th Duke of Wellington ; Davina Sheffield; Lady Sarah Spencer ; and Camilla Shand , who later became his second wife. Charles's great-uncle Lord Mountbatten advised him to "sow his wild oats and have as many affairs as he can before settling down", but, for a wife, he "should choose
22655-1076: The donations meant for the Prince's Foundation had been instead sent to the Mahfouz Foundation. In February 2022, the Metropolitan Police launched an investigation into the cash-for-honours allegations linked to the foundation, passing their evidence to the Crown Prosecution Service for deliberation in October. In August 2023, the Metropolitan Police announced that they had concluded their investigations and no further actions would be taken. The Times reported in June 2022 that, between 2011 and 2015, Charles accepted €3 million in cash from Qatari prime minister Hamad bin Jassim bin Jaber Al Thani . There
22852-451: The efforts of the Society members "to weigh air". He seemed unable to grasp the significance of the basic laws of physics being established at that time, including Boyle's Law and Hooke's Law and the concept of atmospheric pressure and the barometer and the importance of air for the support of life. Although Charles lost interest in the activities of the society, he continued to support scientific and commercial endeavours. He founded
23049-474: The electoral qualifications intending to bring about the return of a Presbyterian majority. The restrictions against royalist candidates and voters were widely ignored, and the elections resulted in a House of Commons that was fairly evenly divided on political grounds between Royalists and Parliamentarians and on religious grounds between Anglicans and Presbyterians. The so-called Convention Parliament assembled on 25 April 1660, and soon afterwards welcomed
23246-614: The existence of an international network of mutually-trusting Governments' Departments of Finance, Treasuries and or Central Banks that in turn accredit and guarantee commercial banks. During the 18th and early 19th centuries great demands were placed on Treasury and the Bank for funding-gap finance; the National Debt grew from £12 million in 1700 to £850 million by 1815, the year of Napoleon's defeat at Waterloo. However, in creating credit-issuing notes not fully backed by cash (gold) in hand, but were partly supported by credit given to
23443-549: The firefighting effort. The public blamed Catholic conspirators for the fire. Since 1640, Portugal had been fighting a war against Spain to restore its independence after a dynastic union of sixty years between the crowns of Spain and Portugal. Portugal had been helped by France, but in the Treaty of the Pyrenees in 1659 Portugal was abandoned by its French ally. Negotiations with Portugal for Charles's marriage to Catherine of Braganza began during his father's reign and upon
23640-489: The first British heir apparent to earn a university degree, graduating in June 1970 from the University of Cambridge with a 2:2 Bachelor of Arts (BA) degree. Following standard practice, in August 1975, his Bachelor of Arts was promoted to a Master of Arts (MA Cantab) degree. Charles was created Prince of Wales and Earl of Chester on 26 July 1958, though his investiture was not held until 1 July 1969, when he
23837-526: The first member of the royal family to visit the Republic of Ireland in an official capacity. In 1997, he represented the Queen at the Hong Kong handover ceremony . At the funeral of Pope John Paul II in 2005, Charles caused controversy when he shook hands with the president of Zimbabwe , Robert Mugabe , who had been seated next to him. Charles's office subsequently released a statement saying that he could not avoid shaking Mugabe's hand and that he "finds
24034-491: The first move towards nationalisation, the 1844 Bank Charter Act was also the key move towards the monopoly of banknote issue. The crucial clause of the Act was a monetary one; it provided that, beyond the Bank's capital of £14 million, its notes were to be backed by gold or bullion. This, together with a fixed price for standard gold, laid the foundation for the gold standard, which during the 19th century, spread world-wide and created
24231-719: The first time. Attendees included Queen Camilla, Prince William, and the British prime minister, Liz Truss , along with her six living predecessors. The proclamation was also read out by local authorities around the United Kingdom. Other realms signed and read their own proclamations, as did Scotland, Wales, Northern Ireland, the British Overseas Territories , the Crown Dependencies , Canadian provinces , and Australian states . Charles and Camilla's coronation took place at Westminster Abbey on 6 May 2023. Plans had been made for many years, under
24428-475: The following day in order to allow Charles and some of the invited dignitaries to attend the funeral of Pope John Paul II . Charles's parents did not attend the marriage ceremony; the Queen's reluctance to attend possibly arose from her position as Supreme Governor of the Church of England . However, his parents did attend the service of blessing and held a reception for the newlyweds at Windsor Castle. The blessing by Archbishop of Canterbury Rowan Williams
24625-547: The following year, Charles attended the State Opening of the British Parliament , delivering the Queen's Speech on behalf of his mother, as a counsellor of state . Charles acceded to the British throne on his mother's death on 8 September 2022. He was the longest-serving British heir apparent , having surpassed Edward VII's record of 59 years on 20 April 2011. Charles was the oldest person to succeed to
24822-466: The following year, the King and Queen embarked on a state visit to Germany; Charles became the first British monarch to address the Bundestag . Similarly, in September, he became the first British monarch to give a speech from France's Senate chamber during his state visit to the country . The following month, Charles visited Kenya where he faced pressure to apologise for British colonial actions. In
25019-513: The following year, the latter of which temporarily suspended planned public engagements. Charles was born at 21:14 ( GMT ) on 14 November 1948, during the reign of his maternal grandfather, King George VI , as the first child of Princess Elizabeth, Duchess of Edinburgh (later Queen Elizabeth II), and Philip, Duke of Edinburgh . He was delivered by Caesarean section at Buckingham Palace. His parents had three more children, Anne (born 1950), Andrew (born 1960) and Edward (born 1964). He
25216-495: The funeral of his great-uncle Lord Mountbatten. Soon, according to Dimbleby, "without any apparent surge in feeling, he began to think seriously of her as a potential bride" and she accompanied him on visits to Balmoral Castle and Sandringham House . Charles's cousin Norton Knatchbull and his wife told Charles that Diana appeared awestruck by his position and that he did not seem to be in love with her. Meanwhile,
25413-525: The government whips are also associated in name with the Treasury: the Chief Whip is nominally Parliamentary Secretary to the Treasury and traditionally had an office in 12 Downing Street . Some of the other whips are nominally Lords Commissioners of the Treasury , though they are all members of the House of Commons . Being a whip is a party, rather than a government, position; the appointments to
25610-400: The government of £1.2 million, generated largely from customs and excise duties. The grant, however, proved to be insufficient for most of Charles's reign. For the most part, the actual revenue was much lower, which led to attempts to economise at court by reducing the size and expenses of the royal household and raising money through unpopular innovations such as the hearth tax . In
25807-473: The guided-missile destroyer HMS Norfolk and the frigates HMS Minerva , from 1972 to 1973, and HMS Jupiter in 1974. That same year, he also qualified as a helicopter pilot at RNAS Yeovilton and subsequently joined 845 Naval Air Squadron , operating from HMS Hermes . Charles spent his last 10 months of active service in the Navy commanding the coastal minehunter HMS Bronington , beginning on 9 February 1976. He took part in
26004-554: The heavens through his new telescope and, in May 1661, Evelyn describes his visit to the Garden, with several other scientists, to view Saturn's rings . Charles also had a laboratory installed, in Whitehall, within easy access to his bedroom. From the beginning of his reign, Charles appointed experts to assist him in his scientific pursuits. These included: Timothy Clarke , a celebrated anatomist, who performed some dissections for
26201-614: The king was so high that he was given access to the royal laboratory to perform his own experiments there. Charles never attended a Society meeting, but he remained aware of the activities there from his discussions with Society members, especially Moray. In addition, Robert Boyle gave him a private viewing of the Boyle/Hooke air-pump , which was used at many of the Wednesday meetings. However, Charles preferred experiments that had an immediate practical outcome and he laughed at
26398-634: The king's Catholic brother, James, acquired greater influence at court. Titus Oates was convicted and imprisoned for defamation. Thus through the last years of Charles's reign, his approach towards his opponents changed, and he was compared by Whigs to the contemporary Louis XIV of France, with his form of government in those years termed "slavery". Many of them were prosecuted and their estates seized, with Charles replacing judges and sheriffs at will and packing juries to achieve conviction. To destroy opposition in London, Charles first disenfranchised many Whigs in
26595-554: The king's chief physician, Harvey accompanied Charles I to the Battle of Edgehill and, although some details are uncertain, he had charge of Prince Charles and the Duke of York in the morning, but the two boys were back with the king for the start of battle. Later in the afternoon, with their father concerned for their safety, the two princes left the battlefield accompanied by Sir W. Howard and his pensioners. During his exile, in France, Charles continued his education, including physics, chemistry and mathematics. His tutors included
26792-469: The king's household. Evelyn visited his laboratory with the king. In addition to his many other interests, the king was fascinated by clock mechanisms and had clocks distributed all around Whitehall, including seven of them in his bedroom. Robert Bruce (later Earl of Ailesbury), a Gentleman of the Bedchamber, complained that the continual noise of the clocks chiming disturbed his sleep, whenever it
26989-464: The king; Robert Morison as his chief botanist (Charles had his own botanical garden); Edmund Dickinson , a chemist and alchemist, who was tasked with carrying out experiments in the king's laboratory; Sir Thomas Williams , who was skillful in compounding and inventing medicines, some of which were prepared in the royal presence; and Nicasius le Febure (or Nicolas LeFevre), who was invited to England as royal professor of chemistry and apothecary to
27186-520: The latter half of 1660, Charles's joy at the Restoration was tempered by the deaths of his siblings Henry and Mary of smallpox . At around the same time, Anne Hyde , the daughter of Lord Chancellor Edward Hyde , revealed that she was pregnant by Charles's brother James, whom she had secretly married. Edward Hyde, who had not known of either the marriage or the pregnancy, was created Earl of Clarendon and his position as Charles's favourite minister
27383-515: The latter's state visit to the United Kingdom. In July the annual Holyrood Week, which is usually spent in Scotland, was shortened so that Charles could return to London and appoint a new prime minister following the general election. After Sunak's Conservatives lost the election to the Labour Party led by Sir Keir Starmer , Charles appointed Starmer as prime minister. In October 2024,
27580-442: The majority of the medieval period the office of the Treasury was within the Exchequer (responsible for managing the royal revenue in addition to collecting and issuing money). As is often the case, wars are expensive and in 1433 war with France led to a deficit of £30,000 – the equivalent of over £100 billion today. Money that the Treasury received was recorded by using tallies. These were sticks with notches marked on them according to
27777-474: The management of the post-war economy. The long slump of the 1930s Great Recession necessitated the restructuring of the economy, first by Command Economy necessitated by World War, then following World War II when the National Debt stood at £21 billions by 1945, or 219% ratio to GDP, emphasis on peacetime planning to avoid the slump after WWI when agricultural market prices collapsed. With better international financial relations following 1944 Bretton Woods and
27974-402: The meteoric rise of the banking and financial markets, with the emerging stock market revolving around government funds. The ability to raise money by means of creating debt through the issue of bills and bonds heralded the beginning of the National Debt. Improved controls over public spending ensured that creditors were more willing to lend money to the government. By the 1730s an early version of
28171-634: The more radical Kirk Party , who even fought each other. Disillusioned by these divisions, Charles rode north to join an Engager force in October, an event which became known as "the Start", but within two days members of the Kirk Party had recovered him. Nevertheless, the Scots remained Charles's best hope of restoration, and he was crowned King of Scotland at Scone Abbey on 1 January 1651. With Cromwell's forces threatening Charles's position in Scotland, it
28368-516: The most enjoyable part of his whole education. Upon his return to Gordonstoun, he emulated his father in becoming head boy , and left in 1967 with six GCE O-levels and two A-levels in history and French, at grades B and C respectively. On his education, Charles later remarked, "I didn't enjoy school as much as I might have; but, that was only because I'm happier at home than anywhere else". Charles broke royal tradition when he proceeded straight to university after his A-levels, rather than joining
28565-420: The national debt are rising after inflation they fell as GDP % ratios from a peak of about 250% of GDP at the end of World War II to 1/6 that by century end. The decision in 1997 to transfer monetary policy setting responsibility to the Bank of England, alongside maintaining responsibility for financial system stability while relegating-out operational banking risk management, oversight and rule-enforcement, to
28762-455: The new Financial Services Authority while the Treasury retained control of fiscal policy led to the creation of the United Kingdom Debt Management Office (DMO) as an executive agency of the Treasury. Since April 1998, gilts have been issued by the DMO. Other than gilts (and Treasury bills, see below) the National Debt also includes the liabilities of National Savings & Investments and other public sector debt and foreign currency. In 2010, in
28959-421: The next two years based in the Royalist capital of Oxford . In January 1645, Charles was given his own Council and made titular head of Royalist forces in the West Country . By spring 1646, most of the region had been occupied by Parliamentarian forces and Charles went into exile to avoid capture. From Falmouth , he went first to the Isles of Scilly , then to Jersey , and finally to France, where his mother
29156-401: The nineteenth, twentieth and into the twenty-first centuries, some 2 years apart, sometimes ten. Apart from cycle downturns or recessions that linked the US and UK economies especially up until WWI because large amounts of capital flowed annually from USA to London after each Autumn Harvest and flowed back again in time for Spring planting. There were recessions, often called panics, in 60 out of
29353-529: The north-east of Scotland, beginning classes there in April 1962. He later became patron of Gordonstoun in May 2024. In his 1994 authorised biography by Jonathan Dimbleby , Charles's parents were described as physically and emotionally distant and Philip was blamed for his disregard of Charles's sensitive nature, including forcing him to attend Gordonstoun, where he was bullied. Though Charles reportedly described Gordonstoun, noted for its especially rigorous curriculum, as " Colditz in kilts ", he later praised
29550-409: The possessor of several other associated titles. At or around his eighth birthday, he was designated Prince of Wales , though he was never formally invested. In August 1642, the long-running dispute between Charles I and Parliament culminated in the outbreak of the First English Civil War . In October, Prince Charles and his younger brother James were present at the Battle of Edgehill and spent
29747-406: The principal place. Thomas Cromwell transformed the financial administration of the country, restoring authority to the Exchequer and making the King's Chamber, of central importance under Henry VII, back into a small spending department overseeing the Royal Household. The fact that Cromwell had a key post in the old Chamber system as well as being Chancellor of the Exchequer shows how he did this. For
29944-453: The public spending survey and the annual Budget had been established. In its evolution the Treasury had to learn some valuable lessons. In 1711, the Treasury established a scheme whereby it secured government debt by the authorisation of its subscription into the capital of the South Sea Company, with government creditors in return holding stock in the company. After 1714, the Treasury was always in commission. The commissioners were referred to as
30141-412: The remainder of Charles's reign. The Acts became known as the Clarendon Code , after Lord Clarendon, even though he was not directly responsible for them and even spoke against the Five Mile Act. The Restoration was accompanied by social change. Puritanism lost its momentum. Theatres reopened after having been closed during the protectorship of Oliver Cromwell, and bawdy " Restoration comedy " became
30338-408: The restoration, Queen Luísa of Portugal , acting as regent, reopened negotiations with England that resulted in an alliance. On 23 June 1661, a marriage treaty was signed; England acquired Catherine's dowry of the port of Tangier in North Africa, the Seven Islands of Bombay in India (which had a major influence on the development of the British Empire ), valuable trading privileges in Brazil and
30535-485: The same time no longer be responsible for Government debt management, or, as it turned out, the National Gold Reserve. In 1997 the Government transferred for monetary policy claiming this meant The Bank of England was now a truly fully independent central bank. The Debt Management Office United Kingdom was created in April 1998 as an executive agency of HM Treasury to take over responsibility for debt management. In April 2000, responsibilities for Exchequer cash management
30732-511: The school, stating it had taught him "a great deal about myself and my own abilities and disabilities". He said in a 1975 interview he was "glad" he had attended Gordonstoun and that the "toughness of the place" was "much exaggerated". In 1966 Charles spent two terms at the Timbertop campus of Geelong Grammar School in Victoria, Australia, during which time he visited Papua New Guinea on a school trip with his history tutor, Michael Collins Persse. In 1973 Charles described his time at Timbertop as
30929-695: The second most influential in the British Civil Service ; two recent incumbents have gone on to be Cabinet Secretary , the only post outranking it. From October 2022, the Permanent Secretary to the Treasury is James Bowler and there are two Second Permanent Secretaries: Cat Little and Beth Russell . The previous Permanent Secretary, Sir Tom Scholar , was sacked by Chancellor Kwasi Kwarteng and Prime Minister Liz Truss shortly after they took office. The Treasury publishes cross-government guidance including Managing Public Money and The Green Book: Central Government Guidance on appraisal and evaluation , current version dated 2020. Managing Public Money includes
31126-412: The societal double standard whereby eating meat is not questioned but eating less meat means "all hell seems to break loose." In 2021, Charles spoke to the BBC about the environment and revealed that, two days per week, he eats no meat nor fish and, one day per week, he eats no dairy products. In 2022, it was reported that he eats a breakfast of fruit salad, seeds, and tea. He does not eat lunch, but takes
31323-433: The terms of a treaty agreed between him and the Scots Parliament at Breda , and support the Solemn League and Covenant , which authorised Presbyterian church governance across Britain. Upon his arrival in Scotland on 23 June 1650, he formally agreed to the Covenant; his abandonment of Episcopal church governance, although winning him support in Scotland, left him unpopular in England. Charles himself soon came to despise
31520-614: The throne in 1952. He was created Prince of Wales in 1958 and his investiture was held in 1969. He was educated at Cheam School and Gordonstoun , and later spent six months at the Timbertop campus of Geelong Grammar School in Victoria, Australia. After completing a history degree from the University of Cambridge , Charles served in the Royal Air Force and the Royal Navy from 1971 to 1976. In 1981, he married Lady Diana Spencer . They had two sons, William and Harry . Charles and Diana divorced in 1996, after they had each engaged in well-publicised extramarital affairs. Diana died as
31717-506: The time, on his return to England he was already knowledgeable in the mathematics of navigation and was a competent chemist. Such was his knowledge of naval architecture that he was able to participate in technical discussions on the subject with Samuel Pepys , William Petty and John Evelyn . The new concepts and discoveries being found at this time fascinated Charles, not only in science and medicine, but in topics such as botany and gardening. A French traveller, Sorbier, while visiting
31914-524: The tour. In March 1998, Charles had laser keyhole surgery on his right knee. In March 2003 he underwent surgery at King Edward VII's Hospital to treat a hernia injury. In 2008 a non-cancerous growth was removed from his nasal bridge . In January 2024, Charles underwent a "corrective procedure" at the London Clinic to treat benign prostate enlargement , which resulted in the postponement of some of his public engagements. In February, Buckingham Palace announced that cancer had been discovered during
32111-514: The traditional titles of Duke of Cornwall and, in the Scottish peerage, the titles Duke of Rothesay , Earl of Carrick , Baron of Renfrew , Lord of the Isles , and Prince and Great Steward of Scotland . The following year, Charles attended his mother's coronation at Westminster Abbey . When Charles turned five, Catherine Peebles was appointed as governess to oversee his education at Buckingham Palace. He then commenced classes at Hill House School in west London in November 1956. Charles
32308-452: The treatment, but that it was not prostate cancer . Although his public duties were postponed, it was reported Charles would continue to fulfil his constitutional functions during his outpatient treatment. He released a statement espousing his support for cancer charities and that he "remain[ed] positive" on making a full recovery. In March, Camilla deputised for him in his absence at the Commonwealth Day service at Westminster Abbey and at
32505-400: The wedding took place in St Paul's Cathedral on 29 July. Upon his marriage, Charles reduced his voluntary tax contribution from the profits of the Duchy of Cornwall from 50 per cent to 25 per cent. The couple lived at Kensington Palace and Highgrove House , near Tetbury , and had two children: William , in 1982, and Harry , in 1984. Within five years, the marriage was in trouble due to
32702-408: The winter, and Charles returned to London in February 1666. After a long spell of hot and dry weather through mid-1666, the Great Fire of London started on 2 September 1666 in Pudding Lane . Fanned by strong winds and fed by wood and fuel stockpiled for winter, the fire destroyed about 13,200 houses and 87 churches, including St Paul's Cathedral . Charles and his brother James joined and directed
32899-515: Was a long series of deficits, for which in addition to the offsets of the Empire's entrepot trade, Gold was needed, such as from Canada, Australia, USA, and South Africa, culminating too in the Boer War . Prudence and discretion alone almost always proved insufficient. The Treasury and The Bank faced many crises regarding gold reserve needed for domestic, British Empire, and foreign trade and policy purposes, not all good, practical or merely pragmatic, some undoubtedly nefarious? Considered by some as
33096-424: Was a reward of £1,000 on his head, anyone caught helping him was at risk of being put to death, and he was difficult to disguise, being over 6 ft (1.8 m), which was unusually tall for the time. Under the Instrument of Government passed by Parliament, Cromwell was appointed Lord Protector of England, Scotland and Ireland in 1653, effectively placing the British Isles under military rule. Charles lived
33293-423: Was already living under the protection of his first cousin, the eight-year-old Louis XIV . Charles I surrendered into captivity in May 1646. During the Second English Civil War in 1648, Charles moved to The Hague , where his sister Mary and his brother-in-law William II, Prince of Orange , seemed more likely to provide substantial aid to the Royalist cause than his mother's French relations. Although part of
33490-408: Was also his godmother, expressing interest in her daughter. Lady Brabourne replied approvingly, but suggested that a courtship with a 16-year-old was premature. Four years later, Mountbatten arranged for Amanda and himself to accompany Charles on his 1980 visit to India. Both fathers, however, objected; Prince Philip feared that his famous uncle would eclipse Charles, while Lord Brabourne warned that
33687-407: Was announced on 10 February 2005. The Queen's consent to the marriage – as required by the Royal Marriages Act 1772 – was recorded in a Privy Council meeting on 2 March. In Canada, the Department of Justice determined the consent of the Queen's Privy Council for Canada was not required, as the union would not produce any heirs to the Canadian throne . Charles
33884-412: Was christened Charles Philip Arthur George on 15 December 1948 in the Music Room of Buckingham Palace by the Archbishop of Canterbury , Geoffrey Fisher . George VI died on 6 February 1952 and Charles's mother acceded to the throne as Elizabeth II; Charles immediately became the heir apparent . Under a charter of Edward III in 1337, and as the monarch's eldest son, he automatically assumed
34081-450: Was crowned by his mother in a televised ceremony held at Caernarfon Castle ; the investiture was controversial in Wales owing to growing Welsh nationalist sentiment. He took his seat in the House of Lords the following year and he delivered his maiden speech on 13 June 1974, the first royal to speak from the floor since the future Edward VII in 1884. He spoke again in 1975. Charles began to take on more public duties, founding
34278-424: Was dashed. After the death of Oliver Cromwell in 1658, Charles's initial chances of regaining the Crown seemed slim; Cromwell was succeeded as Lord Protector by his son Richard . However, the new Lord Protector had little experience of either military or civil administration. In 1659, the Rump Parliament was recalled and Richard Cromwell resigned. During the civil and military unrest that followed, George Monck ,
34475-501: Was decided to mount an attack on England, but many of their most experienced soldiers had been excluded on religious grounds by the Kirk Party, whose leaders also refused to participate, among them Lord Argyll . Opposition to what was primarily a Scottish army meant few English Royalists joined as it moved south, and the invasion ended in defeat at the Battle of Worcester on 3 September 1651. Charles managed to escape and landed in Normandy six weeks later on 16 October, even though there
34672-425: Was dubbed " Camillagate " and "Tampongate". Charles subsequently sought public understanding in a television film with Dimbleby, Charles: The Private Man, the Public Role , broadcast in June 1994. In an interview in the film, Charles confirmed his own extramarital affair with Parker Bowles, saying that he had rekindled their association in 1986, only after his marriage to Diana had "irretrievably broken down". This
34869-539: Was established in 2010, in a similar fashion to its namesake in Britain. Charles uses his tours of Canada as a way to help draw attention to youth, the disabled, the environment, the arts, medicine, the elderly, heritage conservation, and education. He has also set up the Prince's Charities Australia , based in Melbourne , to provide a coordinating presence for his Australian and international charitable endeavours. Charles has supported humanitarian projects; for example, he and his sons took part in ceremonies that marked
35066-585: Was financed by British banks and when as a consequence the circulation of international payments became less liquid i.e. dried up. In response to this crisis, John Maynard Keynes (renowned economist), persuaded Chancellor Lloyd George to use the Bank of England's gold reserves to support banks. This ended the immediate crisis. Keynes stayed on as adviser to the Treasury until 1919. The war of 1914–18 saw National Debt rise from £650 million to £7,500 million by 1919. The Treasury developed new expertise in foreign exchange, currency, credit and price control skills in
35263-435: Was followed by Diana's own admission of marital troubles in an interview on the BBC current affairs show Panorama , broadcast in November 1995. Referring to Charles's relationship with Parker Bowles, she said, "well, there were three of us in this marriage. So, it was a bit crowded." She also expressed doubt about her husband's suitability for kingship. Charles and Diana divorced on 28 August 1996, after being advised by
35460-427: Was forced to gradually disband his troops. Having lost the support of Parliament, Danby resigned his post of Lord High Treasurer , but received a pardon from the king. In defiance of the royal will, the House of Commons declared that the dissolution of Parliament did not interrupt impeachment proceedings, and that the pardon was therefore invalid. When the House of Lords attempted to impose the punishment of exile—which
35657-413: Was impeached by the House of Commons on the charge of high treason . Although much of the nation had sought war with Catholic France, Charles had secretly negotiated with Louis XIV, trying to reach an agreement under which England would remain neutral in return for money. Danby had publicly professed that he was hostile to France, but had reservedly agreed to abide by Charles's wishes. Unfortunately for him,
35854-883: Was indirect as well as direct, personal as well as institutional, in slavery and other heinous trades. The Bank's main roles were, however, more equivalent to that of overdraft finance or factoring, with responsibilities for external account or trade finance. Like all banks, assets and liabilities must always balance. The Bank and took the Government's Treasury deposits, including specie and precious metals, and issued notes. With paper money and debt securities and credit notes, it became widely better understood, especially internationally, that money had taken on many new forms or denominations, possess no intrinsic market value like Gold and yet still retain qualities of creditworthiness or trust to fulfil money payment obligations. But money in its various forms also meant money that can only be used in certain contexts or place and or types of business, requiring
36051-409: Was necessary for him to stay close by to the king. Also, Charles had a sundial installed in the Privy Garden, by which he could set his personal pocket watch . (For a while, the king personally recorded the performance of the latest spring-balance watch, presented to him by Robert Hooke . ) In 1662, Charles was pleased to grant a royal charter to a group of scientists and others who had established
36248-464: Was needed was a "fund of money," or a term familiar today, but by which is really meant either precious metals or 'hard' currency such as US dollars mainly that grew in importance after WW1 to pay external trade bills i.e. questions of financial liquidity or circulation needed to maintain and grow the nation's national income and trade, but above all to honour the nation's foreign obligations. Failures to do so can lead to casus belli . The early 1700s saw
36445-504: Was no evidence that the payments were illegal or that it was not intended for the money to go to the charity, although, the Charity Commission stated it would review the information and announced in July 2022 that there would be no further investigation. In the same month, The Times reported that the Prince of Wales's Charitable Fund received a donation of £1 million from Bakr bin Laden and Shafiq bin Laden – both half-brothers of Osama bin Laden – during
36642-404: Was now reluctant to join the royal family. Charles first met Lady Diana Spencer in 1977, while he was visiting her home, Althorp . He was then the companion of her elder sister Sarah and did not consider Diana romantically until mid-1980. While Charles and Diana were sitting together on a bale of hay at a friend's barbecue in July, she mentioned that he had looked forlorn and in need of care at
36839-484: Was one of Charles's many illegitimate children who became prominent in British society. Despite his son's diplomatic efforts to save him, the execution of Charles I took place in January 1649, and England became a republic . On 5 February, the Covenanter Parliament of Scotland proclaimed Charles II as "King of Great Britain, France and Ireland" at the Mercat Cross, Edinburgh , but refused to allow him to enter Scotland unless he agreed to establish Presbyterianism as
37036-424: Was particularly interested in alchemy, which he had first encountered many years earlier, during his exile with the Duke of Buckingham. Charles resumed his experiments with mercury and would spend whole mornings attempting to distill it. Heating mercury in an open crucible releases mercury vapour, which is toxic and may have contributed to his later ill health. Charles faced a political storm over his brother James,
37233-465: Was strengthened. The Convention Parliament was dissolved in December 1660, and, shortly after Charles's English coronation , the second English Parliament of the reign assembled. Dubbed the Cavalier Parliament , it was overwhelmingly Royalist and Anglican. It sought to discourage non-conformity to the Church of England and passed several acts to secure Anglican dominance. The Corporation Act 1661 required municipal officeholders to swear allegiance;
37430-417: Was televised. In 1965 Charles undertook his first public engagement by attending a student garden party at the Palace of Holyroodhouse . During his time as Prince of Wales, he undertook official duties on behalf of the Queen, completing 10,934 engagements between 2002 and 2022. He officiated at investitures and attended the funerals of foreign dignitaries. Charles made regular tours of Wales, fulfilling
37627-401: Was the eldest surviving child of Charles I of England, Scotland and Ireland and Henrietta Maria of France . After Charles I's execution at Whitehall on 30 January 1649, at the climax of the English Civil War , the Parliament of Scotland proclaimed Charles II king on 5 February 1649. However, England entered the period known as the English Interregnum or the English Commonwealth , with
37824-463: Was the first heir apparent to attend school, rather than be educated by a private tutor. He did not receive preferential treatment from the school's founder and headmaster, Stuart Townend , who advised the Queen to have Charles train in football , because the boys were never deferential to anyone on the football field. Charles subsequently attended two of his father's former schools: Cheam School in Hampshire, from 1958, followed by Gordonstoun , in
38021-414: Was the only member of the royal family to have a civil , rather than a church, wedding in England. British government documents from the 1950s and 1960s, published by the BBC, stated that such a marriage was illegal; these claims were dismissed by Charles's spokesman and explained by the sitting government to have been repealed by the Registration Service Act 1953. The union was scheduled to take place in
38218-528: Was their second child (the first being a son born about a year before, who had died within a day). He was baptised on 27 June in the Chapel Royal by William Laud , a future archbishop of Canterbury , and during his infancy was supervised by the Protestant Countess of Dorset . His godparents included his maternal uncle Louis XIII and maternal grandmother, Marie de' Medici , the Dowager Queen of France, both of whom were Catholics. At birth, Charles automatically became Duke of Cornwall and Duke of Rothesay , and
38415-429: Was transferred to the DMO and represented the conclusion of the Government's restructuring of the management of monetary and debt policy launched by the Exchequer in May 1997. The DMO assumed responsibility for issuing Treasury bills (very short–dated securities) from this date. In July 2002 the operations of the Public Works Loan Board – now referred to as the PWLB lending facility and operated on behalf of HM Treasury; and
38612-510: Was unable to produce an heir; her four pregnancies had ended in miscarriages and stillbirths in 1662, February 1666, May 1668, and June 1669. Charles's heir presumptive was therefore his unpopular Catholic brother, James, Duke of York. Partly to assuage public fears that the royal family was too Catholic, Charles agreed that James's daughter, Mary , should marry the Protestant William of Orange . In 1678, Titus Oates , who had been alternately an Anglican and Jesuit priest, falsely warned of
38809-422: Was walking to Whitehall, he met the king who invited him to view his chemistry laboratory. Pepys confessed to finding what he saw there beyond him. Charles developed painful gout in later life which limited the daily walks that he took regularly when younger. His keenness was now channelled to his laboratory where he would devote himself to his experiments, for hours at a time, sometimes helped by Moray. Charles
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