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
Harry Lloyd Verney Harry Lloyd Verney Sir Harry Lloyd Verney (23 January 1872 – 28 February 1950) was a British courtier who served in successive Royal Households of the United Kingdom. Verney was the son of George Hope Lloyd Verney, son of Sir Harry Verney, 2nd Baronet, and Harriet Julia Morforwyn Hinde. He was educated at Eton College. He held the office of Gentleman Usher and Deputy Master of the Household to Edward VII between 1907 and 1910, and in 1909 was invested as a Member of the Royal Victorian Order. Between 1911 and 1931 he was Groom in Waiting to George V,