David Lloyd George storm when the Conservatives, with covert support from the First Sea Lord, Admiral Jackie Fisher, campaigned for more with the slogan "We want eight and we won't wait". This resulted in Lloyd George's defeat in Cabinet and the adoption of estimates including provision for eight dreadnoughts. In 1909, Lloyd George introduced his People's Budget, imposing a 20% tax on the unearned increase in value of land, payable at death of the owner or sale of the land, and ½ d. on undeveloped land and minerals, increased death duties, a rise in income tax, and the introduction of Supertax on income
George Butler Lloyd George Butler Lloyd George Butler Lloyd (8 January 1854-28 March 1930) was a British banker and Liberal Unionist politician. He was the eldest son of William Butler Lloyd (1825-1874), a banker, of Monkmoor Hall, Shrewsbury, and Preston Montford, Shropshire, and his wife Jane Amelia, who was fifth daughter of the Reverend George Hunt of Wivenhoe, Northamptonshire, and sister of George Ward Hunt, who became a cabinet minister under Benjamin Disraeli. He was born at Monkmoor Hall in 1854, and was educated at Marlborough College and St John’s College, Cambridge. He entered his family's banking firm of Burton, Lloyd and Company