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,
Richard Lloyd George, 2nd Earl Lloyd-George of Dwyfor Richard Lloyd George, 2nd Earl Lloyd-George of Dwyfor Richard Lloyd George, 2nd Earl Lloyd-George of Dwyfor (15 February 1889 – 1 May 1968) was a British soldier and peer in the peerage of the United Kingdom, a member of the House of Lords from 1945 until his death. The son of the Liberal prime minister David Lloyd George by his first wife, Margaret Owen, Lloyd George was educated at Portmadoc School and Christ's College, Cambridge, graduating BA in 1910. During the First World War he was commissioned into the Royal Engineers and rose to the rank of Major. He became