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
Owen Lloyd George, 3rd Earl Lloyd-George of Dwyfor with a schoolboy atlas and no knowledge of Wales) and delivered at Llanystumdwy one hour before the funeral. On the death of his father on 1 May 1968 he succeeded as Earl Lloyd-George of Dwyfor and became an active member in the House of Lords. He held the office of Deputy Lieutenant (DL) of Dyfed in 1993. Lloyd-George married first Ruth Margaret Coit (died 16 May 2003) on 8 September 1949, but they divorced in 1982. With Coit he had three children, two sons and one daughter: He married secondly in 1982 to (Cecily) Josephine, Countess of Woolton (1925-2012), daughter