Stop of the Exchequer

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Stop of the Exchequer

English history

Learn about this topic in these articles:

Charles II

In United Kingdom: War and government
…crown’s debts led to the Stop of the Exchequer (1672), by which Charles suspended payment of his bills. The king now ruled through a group of ministers known as the Cabal, an anagram of the first letters of their names. None of the five was Anglican, and two were Roman…
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Shaftesbury

In Anthony Ashley Cooper, 1st earl of Shaftesbury: Office under Charles II
…between 1670 and 1673: the Stop of the Exchequer of 1672, which by suspending the repayment of debt for 12 months gave Charles the use of his revenue for naval preparations; the Declaration of Indulgence of the same year; and the Third Anglo-Dutch War (1672–74). The first of these is…
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