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
Lloyd George ministry Lloyd George ministry Liberal David Lloyd George formed a coalition government in the United Kingdom in December 1916, and was appointed Prime Minister of the United Kingdom by King George V. It replaced the earlier wartime coalition under H. H. Asquith, which had been held responsible for losses during the Great War. Those Liberals who continued to support Asquith served as the Official Opposition. The government continued in power after the end of the war in 1918, though Lloyd George was increasingly reliant on the Conservatives for support. After several scandals including allegations of the sale of honours, the Conservatives