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
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