William Pitt the Younger intelligence network of spies and informers to crush the United Irishmen. In April 1797, the Pitt government was badly shaken by the mutiny of the entire fleet at Spithead with the sailors demanding a pay increase to match inflation. The Spithead mutiny occurred at exactly the same moment that the French and their Dutch allies were preparing for an invasion of Great Britain which threw the government into a state of panic. To regain control of the fleet, Pitt agreed to sailors' demands for pay increases and to have George III pardon the mutineers. By contrast, the more political "floating
William Pitt the Younger reform proposal introduced in Parliament. Another important domestic issue with which Pitt had to concern himself was the national debt, which had doubled to £243 million during the American war. Every year a third of the budget of £24 million went to pay interest. Pitt sought to reduce the national debt by imposing new taxes. In 1786, he instituted a sinking fund so that £1,000,000 a year was added to a fund so that it could accumulate interest; eventually, the money in the fund was to be used to pay off the national debt. By 1792 the debt had fallen