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
John Smith (Chancellor of the Exchequer) unopposed again as MP for Andover at the 1698 general election. On 2 June 1699 he became Chancellor of the Exchequer. He was elected as MP for Andover again at the first general election of 1701, but although he was asked to continue as Chancellor, felt uncomfortable in a changed Parliament and resigned on 27 March 1701. In the second general election of 1701 and in that of 1702 he was re-elected MP for Andover. He was returned unopposed for Andover at the 1705 general election and was chosen as Speaker of the House of Commons in 1705. In 1706