The Financial Times reports:
It was, as these things go, something of a flop. The Magna Carta was a document hammered out between King John and a group of feisty barons in the summer of 1215 that set out an agreement between them on the subjects of England’s taxation, feudal rights and justice. It was the culmination of a sticky period for both parties, and must have been greeted with some eyebrow-raising on that evening’s edition of Newsnight. The most striking part of the charter allowed, for the first time, for the powers of the king to be limited by a written document. Observers hoped that it heralded a new era of collaboration between the monarch and his subjects.
But the dawn was false. The Magna Carta was valid for just 10 weeks. The only reason the king had agreed to the terms of the charter was to play for time. He then appealed to Rome to declare the document null and void. By the end of the summer, a papal bull from Pope Innocent III granted him his wish….