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
George Lloyd (scholar) Lieutenant of the West Riding of Yorkshire in 1779. George Lloyd (scholar) George Lloyd (1708 – 4 December 1783) was an English Fellow of the Royal Society. George Lloyd was the son of Gamaliel Lloyd, a merchant and manufacturer in Manchester, and his wife, Sarah. He was born in 1708 and took the degree of M.B. at Queens' College, Cambridge in 1731. He was elected a Fellow of the Royal Society (FRS) in 1737, being sponsored as "a gentleman well-skilled in mathematical knowledge and natural philosophy". He rented Alkrington Hall from the Lever family before buying Hulme Hall as his