Finances

OCR History A Level The Early Tudors

Reorganised Financial administration

1487 he changed the Exchequer to the chamber system.

Dealt with all income except custom duties

Improved ordinary revenue

* Act of Resumption to improve income from crown lands
* Acts of Attainder also used for land and wealth
* Feudal dues increased from £350 in 1487 to £6000 in 1507
* Fines used in justice system

EVAL- customs duties dropped in comparison to previous monarchs

Increased extraordinary revenue

* Parliamentary taxes, but only used rarely
* Benevolences (loans from the nobles that were not paid back), not used often

EVAL of financial policy

Yorkshire Tax Revolt 1489

Cornish Rebellion 1497