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 trade. The Crimean and Boer Wars had largely been paid for out of taxation; but Lloyd George raised debt financing of £321 million. Large (but deferred) increases in Supertax and income tax rates were accompanied by increases in excise duties, and the budget produced a tax increase of £63 million in a full year. His last budget, on 4 May 1915, showed a growing concern for the effects of alcohol on the war effort, with large increases in duties, and a scheme of state control of alcohol sales in specified areas. The excise proposals were opposed by the Irish Nationalists