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,
David Lloyd George had first met Stevenson in 1910, and she had worked for him first as a teacher for Megan in 1911; their affair began in early 1913. Lloyd George may well have been the father of Stevenson's daughter Jennifer (1929–2012), born long before they wed. Frances was the first Countess Lloyd-George, and is now largely remembered for her diaries, which dealt with the great issues, and statesmen, of Lloyd George's heyday. A volume of their letters, "My Darling Pussy", has also been published; Lloyd George's nickname for Frances referred to her gentle personality. The Canadian historian Margaret MacMillan, who detailed Lloyd