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- Title
The Fiscal Policy of Richard III of England.
- Authors
Brayson, Alex
- Abstract
Influenced by the "new" fiscal historiographical agenda of the 1990s, this article pioneers a radical reconstruction of the Yorkist-era royal budget. This demonstrates that the increased role of demesne revenues managed by the royal chamber in financing total expenditures under Edward IV, which was famously applauded by B. P. Wolffe, signally failed to provide for long-term fiscal stability. The removal of Edward's French pension in 1483 led to a substantial deficit which compelled Richard III to contravene his brother's pledge to "live of his own". Richard's sustained attempts, during 1483-4, to resurrect and revise controversial late Lancastrian attempts to secure permanent lay taxation failed, in a general climate of hostility to Ricardian rule. This resulted in a series of desperate royal attempts, in 1484-5, to levy loans, and to reform the administration of the chamber and the exchequer, prior to the early Tudor restoration of a "tax state" capable of funding an explosion in expenditures.
- Subjects
RICHARD III, King of England, 1452-1485; HISTORY of public spending; BUDGET deficits; GOVERNMENT revenue; ROYAL houses -- History; EDWARD IV, King of England, 1442-1483
- Publication
Quidditas, 2019, Vol 40, p139
- ISSN
1544-9971
- Publication type
Article