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 sentiment about reparations from Germany to pay the entire cost of the war, including pensions. He said that German industrial capacity "will go a pretty long way". We must have "the uttermost farthing", and "shall search their pockets for it". As the campaign closed, he summarised his programme: The election was fought not so much on the peace issue and what to do with Germany, although those themes played a role. More important was the voters' evaluation of Lloyd George in terms of what he had accomplished so far and what he promised for the future. His supporters emphasised that