In 1296 Isolde of Pandon was the wealthiest woman in Northumberland.
She was not royalty or of noble birth, but instead made her money in business. Although she was born in the little suburb of Pandon to the east of the town, her father was a Flemish merchant. When her first husband died she took over the family firm, and became one of the biggest wool merchants in the town. In those days, wool was the main export from Newcastle, with coal a close second. Her second husband was an Italian merchant from the town of Lucca, the centre of the Italian banking trade, putting Isolde at the forefront of European business and finance.
To Isolde, the Castle would represent the local centre of the King’s power, and she must have been all too familiar with the Sheriff, his bailiffs, and the collectors of customs duties. The King was obviously interested in getting his hands on a share of the money made by the enterprising merchants of Newcastle. By the 1330s, Newcastle was behind only London, York and Bristol in the list of wealthiest towns in England.