People's Budget called the People's Budget "a revolutionary concept" because it was the first budget in British history with the expressed intent of redistributing wealth equally amongst the British population. It was a key issue of contention between the Liberal government and the Conservative-dominated House of Lords, leading to two general elections in 1910 and the enactment of the Parliament Act 1911. The Budget was introduced in the British Parliament by David Lloyd George on 29 April 1909. Lloyd George argued that the People's Budget would eliminate poverty, and commended it thus: The budget included several proposed tax increases to fund the
David Lloyd George army across her soil. He was seen as a key figure whose stance helped to persuade almost the entire Cabinet to support British intervention. He was able to give the more pacifist members of the cabinet and the Liberal Party a principle - the rights of small nations - which meant they could support the war and maintain united political and popular support. Lloyd George remained in office as Chancellor of the Exchequer for the first year of the Great War. The budget of 17 November 1914 had to allow for lower taxation receipts because of the reduction in world