Parliament of the United Kingdom the House of Lords and are thereby accountable to the respective branches of the legislature. Most cabinet ministers are from the Commons, whilst junior ministers can be from either House. However, the Leader of the House of Lords must be a peer. The Parliament of Great Britain was formed in 1707 following the ratification of the Treaty of Union by Acts of Union passed by the Parliament of England and the Parliament of Scotland, both Acts of Union stating, "That the United Kingdom of Great Britain be represented by one and the same Parliament to be styled The Parliament of
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