History of the British peerage much more common. The peerage ceased to be associated with wealth or land ownership. At the beginning of the century, however, such associations remained for some time. In 1909, Chancellor of the Exchequer David Lloyd George proposed the introduction of a land tax, which the landowning peers opposed. The House of Lords rejected the budget. After the general election of January 1910, the returned government introduced the Parliament Bill, which sought to curtail the powers of the Lords. When the Lords attempted to block the bill, the prime minister, Herbert Henry Asquith, threatened to have the king create two hundred
Government of the United Kingdom politically unacceptable for the budget speech to be given in the Lords, with MPs unable to directly question the Chancellor, especially now that the Lords have very limited powers in relation to money bills. The last Chancellor of the Exchequer to be a member of the House of Lords was Lord Denman, who served as interim Chancellor of the Exchequer for one month in 1834. Under the British system, the government is required by convention and for practical reasons to maintain the confidence of the House of Commons. It requires the support of the House of Commons for the maintenance