The king ordered all sheriffs to enforce a decree for all Jews to leave, taking only what they could carry. All homes became property of the king, except for a few of the king's favorite Jews. This impacted 4,000-16,000 Jews.
Some Jews resorted to crimes and trickery just to get by, lending money and extorting bonds that included both principal and interest. Some resorted to highway robbery, and many others went to coin clipping as a means of securing a precarious existence.
Edward forbade Jews to charge interest on loans, but gave permission to engage in commerce and handicrafts, and to take farms 10 years or less. But farming and handicraft businesses take more than 10 years to become lucrative. Plus, England's guilds had a monopoly on skilled labour, and Jews couldn't be part of the guilds.
The king sold the Jewish community to his brother, Richard of Cornwall, for 5,000 marks, and lost all rights over it for a year. But the chief Jews were seized at a wedding on a charge of murdering a boy named Hugh. 91 were sent to London to the Tower, 18 were executed for refusal to plead, and the rest were kept in prison till Richard's control over their property expired.
Jews represented the king in financial matters, so King Henry gave Joseph, chief rabbi of London, permission with his followers to travel through England without paying tolls, to buy and sell goods and property, to be tried in court by other Jews, and to swear on the Torah instead of the Bible.
“Believing that their commercial skills and incoming capital would make England more prosperous, William I invited a group of Jewish merchants from Rouen, in Normandy, to England. However, Jews were not permitted to own land nor to participate in trades (except for medicine). They were limited primarily to money lending. As Catholic doctrine held that money lending for interest was a sin, Jews dominated this activity.”