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
Lloyd George Society meeting of the Society in Llandrindod Wells in February 2009, Jennifer Longford, the daughter of Frances Stevenson, Lloyd George's longtime mistress and his second wife, was elected as a Vice-President of the Society. Lloyd George Society The Lloyd George Society is an organisation connected with, but not formally affiliated to, the Liberal Democrats. It is named after David Lloyd George, the Welsh Liberal politician who was British prime minister from 1916-1922. The Society was founded in the late 1950s by Liberals in Wales when it was known as the Welsh Liberal Weekend Schools. It met, usually at a hotel in