 Henry inherited a vast fortune and a prosperous economy from his father Henry VII who had been frugal and careful with money . This fortune was estimated to £ 1 @,@ 250 @,@ 000 ( £ 375 million by today 's standards ) . However , by comparison , the reign of Henry was a near @-@ disaster in financial terms . Although he further augmented his royal treasury through the seizure of church lands , Henry 's heavy spending and long periods of mismanagement damaged the economy . 
