Since the colonists stopped buying British goods British merchants and manufacturers pressured Parliament (British government) to repeal or get rid of the Stamp Act because they were losing so much money. The Act was repealed on 18 March 1766. Is the following statement true or false?

"Colonial protesting and boycotting had a negative impact on the businesess of England so the King and Parliamet repealled or got rid of the Stamp Act."

True
False