Wolsey's domestic policy - finances
- Created by: Abigail Woosey
- Created on: 03-04-13 17:42
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- Finances
- greatest achievement to replace 15ths and 10ths
- replaced by a system that accurately reflected the wealth of tax payers
- Wolsey rejected the fixed rates of 15ths and 10ths
- it placed a greater financial burden on the rich
- Wolsey rejected the fixed rates of 15ths and 10ths
- replaced by a system that accurately reflected the wealth of tax payers
- The subsidy and 15ths and 10ths existed together
- Wolsey favoured the subsidy because it raised more money
- between 1513-16 raised £170,000 while 15ths and 10ths only £90,000
- Wolsey favoured the subsidy because it raised more money
- Money caused Wolsey problems with Henry and parliament
- 1513 wolsey demanded £800,000 in taxation from parliament
- Wolsey's manner was bad but he obtained some extra money however far less than he initially hoped for.
- 1513 wolsey demanded £800,000 in taxation from parliament
- Wolsey had to accept concessions on enclosure
- his financial policies were causing much resentment among ruling classes.
- greatest achievement to replace 15ths and 10ths
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