William Walworth group conspired to keep food prices up, lent money to the king at inflated interest, and through personal and financial influence persuaded the king to issue edicts profitable to themselves. His most famous exploit was his encounter with Wat Tyler during the English peasants' revolt of 1381, in his second term of office as Lord Mayor. In June of that year, when Tyler and his followers entered south London, Walworth defended London Bridge against them. He was with Richard II when he met the insurgents at Smithfield, and killed the rebel leader with his baselard. The circumstances of the killing
Peasants' Revolt following year there was an investigation into a plot to kill the sheriff of Devon. When negotiating rents with their landlords, peasants alluded to the memory of the revolt and the threat of violence. There were no further attempts by Parliament to impose a poll tax or to reform England's fiscal system. The Commons instead concluded at the end of 1381 that the military effort on the Continent should be "carefully but substantially reduced". Unable to raise fresh taxes, the government had to curtail its foreign policy and military expeditions and began to examine the options for peace. The institution