Economically, the Glorious Revolution led to Dutch-inspired economic reforms being introduced to England. The first government bonds were issued in 1693, the English stock-market along with the introduction of the Civil List to pay the crown in 1698 were all due to William III. The revolution led parliament to enjoy power over taxation and this would lead to a certain confidence among investors and bond-holders emerging during the 18th century. For instance, Britain often would have more debt than France, but with lower borrowing costs, the government did not face the pressure that France did.