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,
Gwilym Lloyd George the Labour Party. Educated at Eastbourne College and Jesus College, Cambridge, Lloyd George was commissioned into the Royal Welch Fusiliers in 1914. In 1915 he became Aide-de-Camp to Major-General Ivor Phillips, commander of the 38th (Welsh) Division. He transferred to the Anti-Aircraft branch of the Royal Garrison Artillery in 1916 and rose to the rank of Major, being known for most of his political career as Major Lloyd George. He was also mentioned in dispatches. Lloyd George was Liberal Member of Parliament (MP) for Pembrokeshire from 1922 to 1924 and again from 1929 to 1950 (though by the late 1940s