Methods used to generate revenue

Question 1

Parliament and taxation

Answer 1

Still used taxation under pretence of war

eg £100,000 for war with France

Question 2

Church

Answer 2

Still collected Clerical Tenths from Church

1472-75 was paid £48,000

Question 3

Benevolences

Answer 3

Changed benevolence, removed repayments and used punishments in exchange for grants and titles
Collected nearly £22,000 with this method

Question 4

Royal lands

Answer 4

Old method but changed
Retained more crown lands than previous Kings
Exploited land more and took more tax from them
Crown land profits went to King’s Chamber not exchequer
Edward had more access to funds-> annual income from crown lands was £30,000

Question 5

Custom dues

Answer 5

Still collected but Edward attempted to collect more

Encouraged trade, paid customs collectors more, annual average £34,000

Question 6

Overall

Answer 6

Edward died solvent, no massive debt

Suggests good job of dealing with economic problems