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Royal Court
Where Henry would give rewards and status’
Chamber
Collected royal revenues e.g. taxes
Lord Chamberlain (Will Stanley) who often spoke for monarch
Privy Chamber - 1495
Made after Stanley betrayed him (found out through spy network)
It was only the king and closest advisors who would meet in there and his spies
King managed all the countries finances and kept a log and kept some money for himself known as his ready supply of cash
Received information in his private meetings from spies or his closest advisors
Council Learned
Made in the second half of his reign
Made to maintain the kings revenue and to prerogative right
The people who were involved were:
- Sir Reginald Bray
- Sir Richard Empson
- Edmund Dudley
The council was seen as corrupt as it could bypass the law to get the money and if you were summoned to the court then you could not appeal and its money would be extracted from peasants who already struggled with money (After Henry VII death Edmund Dudley and Richard Empson were executed as they were charged with corruption in the government)
Privy Council
Advised the King over matters of the state
Administered law and order
240 people were involved in the council with 7 people regularly attending meetings
From the Nobility:
- Lord Daubeney
- Lord Dynham
From the Clergy/Churchmen:
- John Morton (Arch Bishop of Canterbury)
- Richard Fox
From Laymen (Gentry/Lawyers):
- Bray
- Edmund Dudley
Parliament
Passes laws
Grant taxation to the crown
Called 5 times in first 10 years and 2 times in last 14 years of his reign
They strengthened Henry’s finances through:
- Acts of Attainder
- Tonnage and Poundage
- Extraordinary Revenue
Nobility
Henry couldn’t rely on them to carry out of local justice as they would become more powerful and could overthrow him
He relied on Magnates ( controlled the north) and Stanleys (controlled north west) to control the regions they are in
He used bonds and recognises to ensure they didn’t have enough money to raise an army
JPs
Maintained the law in the countryside
They were made up be volunteers from the gentry and were appointed by landowners
And they would meet 4 times in a year
Acts of Parliament made their roles bigger by increasing their power and responsibilities so that they could do tax assessments and manage local complaints
Ordinary Revenue - Collect yearly
Crown Lands - profits from estates
Feudal Dues - right for the monarch to demand money from the nobility
Custom Duties - taxes on goods leaving the country and entering
Legal Dues - fines and payments form being in front of court
Extraordinary Revenue - Only in emergencies
Bonds and Recognises - payments made as a guarantee of good behaviour
Loans and Benevolences - Kings right to ask for financial help in emergencies
Feudal Dues - demand money from nobility for single, extraordinary occasions
Clerical Taxes - special taxes which the King could raise from the Church and simony
Parliamentary Taxes - taxes by Parliament to pay for royal policies such as military expeditions
Exchequer
Collect revenue from royal property and taxes and customs
it worked through a network of royal officials
it was an accurate system that people in England were already used to
However was slow and dealt with paper records instead of cash
Chamber
Developed by the Yorkists under Edward IV and continued under Richard III
It worked by direct supervision of the King himself
It was good as it used officials to ensure the most profit from royal estates, the King had direct control over it giving him a ready supply of cash, faster than Exchequer
Economic Facts
Henry received £30,000 from Parliament in 1504 for the knighthood of Prince Arthur through Extraordinary Revenue
£48,000 raised in 1491 for the war in Brittany through Loans and Benevolences
£300 through simony for the post of Archdeacon of Buckingham
Henry spent £45,700 on military and naval expenses
£13,155 to deal with Cornish Revolt and Perkin Warbeck but got £14,700 paid in fines by the rebels
Royal lands revenue increased by 45% from £29K to £42K
Customs revenues increased by 20% form £33K to £40K
Chamber brought in £91,000 while the Exchequer brought in £12,500
In total the total revenue was £113,000