David Lloyd George storm when the Conservatives, with covert support from the First Sea Lord, Admiral Jackie Fisher, campaigned for more with the slogan "We want eight and we won't wait". This resulted in Lloyd George's defeat in Cabinet and the adoption of estimates including provision for eight dreadnoughts. In 1909, Lloyd George introduced his People's Budget, imposing a 20% tax on the unearned increase in value of land, payable at death of the owner or sale of the land, and ½ d. on undeveloped land and minerals, increased death duties, a rise in income tax, and the introduction of Supertax on income
David Lloyd George David Lloyd George David Lloyd George, 1st Earl Lloyd-George of Dwyfor, (17 January 1863 – 26 March 1945) was a British statesman and Liberal Party politician. He was the final Liberal to serve as Prime Minister of the United Kingdom. As Chancellor of the Exchequer (1908–1915) during H. H. Asquith's tenure as Prime Minister, Lloyd George was a key figure in the introduction of many reforms which laid the foundations of the modern welfare state. His most important role came as the highly energetic Prime Minister of the Wartime Coalition Government (1916–22), during and immediately after the First World War.