History of liberalism for elderly workers, thereby laying the groundwork for the future British welfare state. The People's Budget of 1909, championed by David Lloyd George and fellow liberal Winston Churchill, introduced unprecedented taxes on the wealthy in Britain and radical social welfare programmes to the country's policies. It was the first budget with the expressed intent of redistributing wealth among the public. It imposed increased taxes on luxuries, liquor, tobacco, incomes, and land, – taxation that disproportionately affected the rich – so that money could be made available for new welfare programmes as well as new battleships. In 1911 Lloyd George succeeded
David Lloyd George George reached agreement on 13 November 1923 and issued a joint Free Trade manifesto, followed by a more general one. Lloyd George agreed to contribute £100,000 (in the event he claimed to have contributed £160,000 including help given to individual candidates; Liberal HQ put the number at £90,000). In 1924 Lloyd George, realising that Liberal defeat was inevitable and keen to take control of the party himself, spent only £60,000. At the 1924 general election, Baldwin won a clear victory, the leading coalitionists such as Austen Chamberlain and Lord Birkenhead (and former Liberal Winston Churchill) agreeing to serve under Baldwin