England part of the United Kingdom, the basic political system in England is a constitutional monarchy and parliamentary system. There has not been a government of England since 1707, when the Acts of Union 1707, putting into effect the terms of the Treaty of Union, joined England and Scotland to form the Kingdom of Great Britain. Before the union England was ruled by its monarch and the Parliament of England. Today England is governed directly by the Parliament of the United Kingdom, although other countries of the United Kingdom have devolved governments. In the House of Commons which is the lower
Acts of Union 1707 known as the Seven ill years which led to strained relations with England. In 1698, the Company of Scotland Trading to Africa and the Indies received a charter to raise capital through public subscription. The Company invested in the Darién scheme, an ambitious plan funded almost entirely by Scottish investors to build a colony on the Isthmus of Panama for trade with East Asia. The scheme was a disaster; the losses of over £150,000 severely impacted the Scottish commercial system. The financial losses incurred have often been suggested as one of the drivers behind Union. Deeper political integration had been