People's Budget People's Budget The 1909/1910 People's Budget was a proposal of the Liberal government that introduced unprecedented taxes on the lands and high incomes of Britain's wealthy to fund new social welfare programmes. It passed the House of Commons in 1909 but was blocked by the House of Lords for a year and became law in April 1910. It was championed by the Chancellor of the Exchequer, David Lloyd George, and his young ally Winston Churchill, who was then President of the Board of Trade and a fellow Liberal; called the "Terrible Twins" by certain Conservative contemporaries. Churchill's biographer, William Manchester,
Earl Lloyd-George of Dwyfor Earl Lloyd-George of Dwyfor Earl Lloyd-George of Dwyfor is a title in the peerage of the United Kingdom. It was created in 1945 for the celebrated Liberal parliamentarian David Lloyd George who served as Chancellor of the Exchequer from 1908 to 1915 and Prime Minister of the United Kingdom from 1916 to 1922. He was created Viscount Gwynedd, of Dwyfor in the County of Caernarvon, also in the peerage of the United Kingdom, at the same time. Lloyd George's family name is not hyphenated, although it was required to appear as such in his title, as in other cases such