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
Earl Lloyd-George of Dwyfor family seat is Ffynone, near Boncath, Pembrokeshire. 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