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, 1st Baron Lloyd George Lloyd, 1st Baron Lloyd George Ambrose Lloyd, 1st Baron Lloyd, (19 September 1879 – 4 February 1941) was a British Conservative politician strongly associated with the "Diehard" wing of the party. Lloyd was born at Olton Hall, Warwickshire, the son of Sampson Samuel Lloyd (whose namesake father was also a Member of Parliament) and Jane Emilia, daughter of Thomas Lloyd. He was educated at Eton and Trinity College, Cambridge. He coxed the Cambridge crew in the 1899 and 1900 Boat Races. He left without taking a degree, unsettled by the deaths of both his parents in 1899, and made