On his return from France, Edward found his political position greatly strengthened. After intense negotiation, the earls, including Lancaster and Warwick, came to a compromise in October 1313, fundamentally very similar to the draft agreement of the previous December. Edward's finances improved, thanks to parliament agreeing to the raising of taxes, a loan of 160,000 florins (£25,000) from the Pope, £33,000 borrowed from Philip, and further loans organised by Edward's new Italian banker, Antonio Pessagno. For the first time in his reign, Edward's government was well-funded.