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,
Owen Lloyd George, 3rd Earl Lloyd-George of Dwyfor was conferred at its creation in 1945. Lloyd-George was educated at Oundle School, where he was featherweight boxing champion, but left before his 17th birthday to be apprenticed as a civil engineer to Sir Alfred McAlpine, 3rd Baronet. In 1942, Lloyd-George was commissioned into the Welsh Guards, where he gained the rank of Captain. In the Second World War, he fought with the 3rd Battalion in Italy between 1944 and 1945. After the war, he served with the 2nd Battalion in Germany. On the death of his grandfather in March 1945, Lloyd-George experienced an imaginative gesture on the part of