The Confirmation of Charters was issued by King Edward I of England in 1297. In the Confirmation, Edward reaffirmed Magna Carta and the Forest Charter. The Confirmation is most important today, however, because Edward I formally acknowledged parliament's duty to approve all new taxes. This essentially stripped the monarchy of its royal right to tax as it pleased. Parliament effectively became a "second branch" or "second level" of government. King Edward I of England (June 17, 1239 – July 7, 1307), popularly known as Longshanks because of his 6 foot 2 inch frame and the Hammer of the Scots (his tombstone, in Latin, read, Hic est Edwardvs Primus Scottorum Malleus, Here lies Edward I, Hammer of the Scots), achieved fame... Events 8 January - Monaco gains independence. ... Magna Carta placed certain checks on the absolute power of the English Monarchs. ... An aerial view of Parliament of India at New Delhi. ...