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 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