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 still intermittently in the public eye and publishing his War Memoirs. Lloyd George was President of the London Welsh Trust, which runs the London Welsh Centre, Gray's Inn Road, from 1934 until 1935. In January 1935 Lloyd George announced a programme of economic reform, called "Lloyd George's New Deal" after the American New Deal. This Keynesian economic programme was essentially the same as that of 1929. MacDonald requested that he put his case before the Cabinet, and so in March Lloyd George submitted a 100-page memorandum that was cross-examined between April and June in ten meetings of the Cabinet's sub-committee.