Income that is obtained under the prerogative, i.e. by right of a person's office or position.
Prerogative finance
Fact of the Day
Black Monday was the name for rent day in 1880s, when belongings were pawned to pay the landlord.
Quote of the Day
"Revolution is not an apple that falls when it's ripe. You have to make it fall.
"
~ Che Guevara
On This Day
1016 Cnut defeated Edmund Ironside at the Battle of Assandun, forcing Edmund to make a peace with the invading Danes: he got to keep Wessex, but the rest of England came under Danish rule. A month later, he had died of 'natural causes' so Wessex, too, went to Cnut.
1216 King John died of dysentery. He was succeeded by his nine year old son, Henry III.
1867 The US officially took possession of Alaska. It wasn't a popular decision at the time.
1922 The BBC was founded.
