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,
George Lloyd, 1st Baron Lloyd George Lloyd, 1st Baron Lloyd George Ambrose Lloyd, 1st Baron Lloyd, (19 September 1879 – 4 February 1941) was a British Conservative politician strongly associated with the "Diehard" wing of the party. Lloyd was born at Olton Hall, Warwickshire, the son of Sampson Samuel Lloyd (whose namesake father was also a Member of Parliament) and Jane Emilia, daughter of Thomas Lloyd. He was educated at Eton and Trinity College, Cambridge. He coxed the Cambridge crew in the 1899 and 1900 Boat Races. He left without taking a degree, unsettled by the deaths of both his parents in 1899, and made