Why is April 6th the Beginning of the Financial Year?
If you remember, in the medieval period, the official New Year was on March 25th. This was the Day of the Annunciation, the Day Mary conceived Jesus. (for much more on this see my post march-25th-feast-of-the-annunciation/). But in 1752, we followed belatedly, Pope Gregory’s reorganisation of the Julian Calendar. We had to put our days back in sync with the Sun. This had gone 11 days out of kilter since Julius Caesar’s reorganisation of the calendar (see my post here!). As we lost 11 days, we had to put them back. So the beginning of the Financial Year in 1753 was changed to April 5th. A further adjustment in 1800 was necessary, as this would have been a leap year. So the new Financial Year moved to April 6th. And it has remained so ever since. For more on the Gregorian Calendar look here.
Today, we breathe a sigh of relief if we have transferred money into our ISAs or briefed our investment advisers, or rue the day that we didn’t get around to any of it, yet again, or didn’t have any money to take advance of tax breaks.
Exploring Mayfair
On April 6th 2025, and 2026. I did Jane Austen in Mayfair walks. Today, I met my client at Claridges, (£930 a night). Arriving early, I had a chance to look around, and work out some changes to my Jane Austen walk. I decided to start it at Bond Street, rather than Green Park. This gives a chance to look at Hanover Square, where the tedious Palmers fictionally live (Sense & Sensibility). It is also the location of St George’s Church where Henry Crawford is telling Fanny he will marry her (Mansfield Park). (He won’t).
I really love exploring Cities, and here are a few reasons. I knew the Tyburn River used to flow near here. So, I was delighted to see a place where the road to the west rose in height and the road to the east also climbed a small hill. This was the valley of the Tyburn. As I reached the depression, looking left and right, instead of grand boulevards were two pokey little lanes, cutting at an angle in which you could imagine the babbling brook.
Post walk research confirmed the guess, this was the course of the Tyburn. Below is an open-source map from the Londonist. Look at their post for more on the Tyburn.
Further down Brook Street were a couple of delightful buildings. First a juxta-position of a Georgian town house with a fine brutalist tower, and then a fabulous triangular brick corner house.
Brook St, London, Photos K Flude
Finally, in Bruton Street just where the Tyburn would have crossed the road was the very epitome of an old inn – the Coach & Horses which survives since 1770, 5 years before the birth of Jane Austen! It is the ‘oldest surviving unreconstructed tavern in Mayfair.’ If you want to do my Jane Austen walk for London Walks, please follow this link.
Object of the Day – Allies
On my walk, like last year, we saw the statue of Churchill sitting on a park bench chatting with Roosevelt. Seemed like it was from a different world? Given President Trump’s recent statements on NATO?
Wise Words on Tariffs.
As it’s the end of the financial year I might be forgiven for keeping in this post words from last year when, coincidentally, I did the same walk. Last year the issue was Tariffs. This is what President Ronald Reagan said about high tariffs.
First Published 6th April 2025, Mayfair content added and post revised 2026
