The Glorious Revolution is considered by some as one of the most important events in the long evolution of powers possessed by the Parliament and the Crown of England. With the passage of the Bill of Rights, any possibility for a Catholic monarchy and any movement towards absolute monarchy in the British Isles were erradicated by limiting the powers of the monarch. The powers of the King were strongly restricted; He could no longer suspend laws, create taxes, or maintain a standing army during peacetime without Parliament's permission. Since 1689, England, and later the United Kingdom, has been governed under a system of parliamentary monarchy, and it has been uninterrupted. Since then, Parliament has gained more and more power, and the Crown has progressively lost it.