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
Richard Lloyd George, 2nd Earl Lloyd-George of Dwyfor Richard Lloyd George, 2nd Earl Lloyd-George of Dwyfor Richard Lloyd George, 2nd Earl Lloyd-George of Dwyfor (15 February 1889 – 1 May 1968) was a British soldier and peer in the peerage of the United Kingdom, a member of the House of Lords from 1945 until his death. The son of the Liberal prime minister David Lloyd George by his first wife, Margaret Owen, Lloyd George was educated at Portmadoc School and Christ's College, Cambridge, graduating BA in 1910. During the First World War he was commissioned into the Royal Engineers and rose to the rank of Major. He became