Economic Policies

• Raised considerable revenue through taxation , assessment and sale of church and crown land.
• Confiscated royalist estates.
• Short lived policy as only provided one off payment and alienated royalists. Not a permanent financial source.
• Act of Oblivion was the Rump ignoring some of the Royalists' actions from the Civil War and allowing them to keep land. But taxed them heavily.
• Introduced Navigation Act in 1651 to protect English Trade.
• Tried to address income deficit but failed.
• Time of economic depression.
• System was expensive, dependence on NMA made worse by Irish and Scottish campaigns.
• 51% of legislation devoted to finance and security.