Veto veto ("withholding Royal Assent") was last exercised in 1708 by Queen Anne with the Scottish Militia Bill 1708. The House of Lords used to have an effective power of veto by refusing to concur in bills adopted by the House of Commons. However, reform first by a Liberal government and then by a Labour government has limited its powers. The Parliament Acts of 1911 and 1949 reduced its powers: they can now only amend and delay legislation. They can delay legislation for up to one year. Under the 1911 Act, money bills (those concerning finance) cannot be delayed, and under
Parliament Act 1911 formal dominance over the House of Lords, which had broken convention in opposing the bill. The budget was eventually passed by the Lords, after the Commons' democratic mandate was confirmed by holding elections in January 1910. The following Parliament Act, which looked to prevent a recurrence of the budget problems, was also widely opposed in the House of Lords and cross-party discussion failed, particularly because of the proposed Act's applicability to passing an Irish home rule bill. Following a second general election in December, the Act was passed with the support of the monarch, George V, who threatened to create