Budget League Budget League The Budget League was a British pressure group formed in 1909 by Winston Churchill to publicly campaign in favour of David Lloyd George's People's Budget in reaction to the activities of the Budget Protest League. The foundation of the League had not been discussed in the Cabinet and when Sir Henry Norman requested Cabinet ministers to speak at its meetings, nearly all of them refused to participate. However, after Jack Pease issued a circular to all Cabinet members, the League was able to announce that many leading Liberals would speak at its meetings. A conference on 9 July
David Lloyd George George reached agreement on 13 November 1923 and issued a joint Free Trade manifesto, followed by a more general one. Lloyd George agreed to contribute £100,000 (in the event he claimed to have contributed £160,000 including help given to individual candidates; Liberal HQ put the number at £90,000). In 1924 Lloyd George, realising that Liberal defeat was inevitable and keen to take control of the party himself, spent only £60,000. At the 1924 general election, Baldwin won a clear victory, the leading coalitionists such as Austen Chamberlain and Lord Birkenhead (and former Liberal Winston Churchill) agreeing to serve under Baldwin