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
David Lloyd George a united ticket against Stanley Baldwin's policy of protective tariffs. Baldwin both feared and despised Lloyd George, and one of his aims was to keep him out of power. He later claimed that he had adopted tariffs, which cost the Conservatives their majority, out of concern that Lloyd George was about to do so on his return from a tour of North America. Although there was press speculation at the time that Lloyd George would do so (or adopt US-style Prohibition to appeal to newly enfranchised women voters), there is no evidence that this was his intent. Asquith and Lloyd