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
Frances Lloyd George Frances Lloyd George Frances Lloyd George, Countess Lloyd-George of Dwyfor, (7 October 1888 – 5 December 1972) was the mistress, personal secretary, confidante and second wife of British Prime Minister David Lloyd George. Frances Louise Stevenson was born in London. She was the daughter of a Lowland Scottish father and a mother of mixed French and Italian extraction. She was educated at Clapham High School, where in the fifth form she had made friends with Mair, Lloyd George's oldest daughter, and Royal Holloway College, where she graduated with a Classics degree in 1910. In July 1911 Lloyd George, then Chancellor