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
E. S. Lloyd E. S. Lloyd Ernest Sampson Lloyd (26 May 1870 – 7 August 1945) was an Indian civil servant who served as the President of Madras Corporation from 1906 to 1910. Lloyd's Road in Chennai, India is named after him. Born in England, Lloyd was born in Wednesbury on 26 May 1870 and educated at Clifton College and Lincoln College, Oxford. He passed the Indian civil service examinations of 1893 and was appointed to the Madras cadre. Lloyd married Mary Young at Droitwich on 8 June 1899 and had three sons - William Anthony Sampson Lloyd, Philip Montague Lloyd and Charles