1485-1509: Henry VII
1485: Bankrupt throne with an income of around £12,000 per annum. Crown Lands income at £29,000.
1491: Raised £48,000 through Loans and Benevolences for the war with Brittany.
1492: After the Treaty of Etaples, annual French pension of £159,000 in a £5,000 annual sum.
1493: Bonds and Recognisances receipts at £3,000.
1505: Bonds and Recognisances receipts rose to £35,000.
1507: Feudal Dues (Wardship) income rose to £6,000.
1509: Crown Lands income increased to £42,000.
1509-1547: Henry VIII
1520s: Agricultural prices increased, partly due to engrossing. Debasement began, providing short-term
economic benefits.
1520-21: Bad harvests, leading to almost doubled food prices.
1526: Debasement began, causing long-term harm to the economy.
1533-34: Government-sponsored efforts to increase cloth exports led to a 25% increase in exports.
1542 and 1544: Wars with Scotland (began 1542) and France (began 1544) cost over £3 million.
1547-1553: Edward VI
1547: Chantries Act: sold chantries for financial reasons, ending around 2,400 chantries.
1547: Established a Court of Requests to hear cases of the poor against the wealthy.
1548: Poor harvest exacerbates inflationary pressures.
March 1549: Imposed a 5% tax on personal property and a tax on sheep. Deeply unpopular and repealed by
January 1550.
January 1550: Sheep tax and Vagrancy Act repealed.
March 1550: Treaty of Boulogne brings a payment of £133,333 (400,000 crowns) for the return of Boulogne.
1551: Debasement results in silver coins being 75% copper.
1551: Collapse of the cloth trade with Antwerp leads to increased unemployment.
May 1551: Coinage debased for the last time.
1552: Begins reminting the coinage at its 1527 levels to tackle existing inflation.
1552: Continues to pillage the church; chantries are sold, and church plate is melted for bullion.
1485: Bankrupt throne with an income of around £12,000 per annum. Crown Lands income at £29,000.
1491: Raised £48,000 through Loans and Benevolences for the war with Brittany.
1492: After the Treaty of Etaples, annual French pension of £159,000 in a £5,000 annual sum.
1493: Bonds and Recognisances receipts at £3,000.
1505: Bonds and Recognisances receipts rose to £35,000.
1507: Feudal Dues (Wardship) income rose to £6,000.
1509: Crown Lands income increased to £42,000.
1509-1547: Henry VIII
1520s: Agricultural prices increased, partly due to engrossing. Debasement began, providing short-term
economic benefits.
1520-21: Bad harvests, leading to almost doubled food prices.
1526: Debasement began, causing long-term harm to the economy.
1533-34: Government-sponsored efforts to increase cloth exports led to a 25% increase in exports.
1542 and 1544: Wars with Scotland (began 1542) and France (began 1544) cost over £3 million.
1547-1553: Edward VI
1547: Chantries Act: sold chantries for financial reasons, ending around 2,400 chantries.
1547: Established a Court of Requests to hear cases of the poor against the wealthy.
1548: Poor harvest exacerbates inflationary pressures.
March 1549: Imposed a 5% tax on personal property and a tax on sheep. Deeply unpopular and repealed by
January 1550.
January 1550: Sheep tax and Vagrancy Act repealed.
March 1550: Treaty of Boulogne brings a payment of £133,333 (400,000 crowns) for the return of Boulogne.
1551: Debasement results in silver coins being 75% copper.
1551: Collapse of the cloth trade with Antwerp leads to increased unemployment.
May 1551: Coinage debased for the last time.
1552: Begins reminting the coinage at its 1527 levels to tackle existing inflation.
1552: Continues to pillage the church; chantries are sold, and church plate is melted for bullion.
