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
George Lloyd-Jacob George Lloyd-Jacob Hon. Sir George Harold Lloyd-Jacob (1 October 1897 – 5 December 1969) was a British High Court judge who was notable for his work in patent law. In 1950, he was appointed to the Chancery Division and became the first judge to specialise in patents. Lloyd-Jacob was born in Wood Green, Middlesex, one of 10 children born to John Lloyd-Jacob and Jane Catherine Park. He was educated at Southgate School, Christ Church, Oxford and King's College, London. In the First World War, he saw service with the Royal Flying Corps and served in the Royal Air Force from