How Monarchs could raise money

• • Rents and Income from their own lands (crown lands )
  • Taxes from trade (customer duties )
  • Special additional taxes, known as subsides, which had to be agreed by Parliament.
  • Loans ( sometimes loans were ' forced ' meaning they were compulsory and never repaid ).
• What Elizabeth did to stop Financial issues

  • She didn't raise taxes but instead hoarded her income and cut her householders expenses by half.
  • Like her predecessors, she sold Crown Lands, raising £120,000.
  • By 1574, the queen could claim that the crown was out of debt for the first time since 1558.