 Britain did implement some additional taxes during wartime, but they were unpopular, failed to raise as much as hoped, and ultimately thought to be unnecessary since Britain not only had good standing with creditors and could afford to finance war costs by issuing debt, but also had abandoned the gold standard in 1797, enabling it to issue additional un-backed notes.Britain generally funded its wars by issuing debt rather than raising taxes.This was a strategy Britain had employed in funding its wars since the early 18th century.