City of London The arms consist of a silver shield bearing a red cross with a red upright sword in the first quarter. They combine the emblems of the patron saints of England and London: the Cross of St George with the symbol of the martyrdom of Saint Paul. The sword is often erroneously supposed to commemorate the killing of Peasants' Revolt leader Wat Tyler by Lord Mayor of London William Walworth. However the arms were in use some months before Tyler's death, and the tradition that Walworth's dagger is depicted may date from the late 17th century. The Latin motto of the
Economics of English towns and trade in the Middle Ages system of poll taxes, aiming to spread the costs of taxation across the entire of English society. One result of the economic and political tensions was the Peasants' Revolt of 1381 in which widespread rural discontent was followed by invasion of London involving thousands of rebels. The rebels had many demands, including the effective end of the feudal institution of serfdom and a cap on the levels of rural rents. The ensuing violence took the political classes by surprise and the revolt was not fully put down until the autumn, with up to 7,000 rebels being executed in the aftermath.