People's Budget People's Budget The 1909/1910 People's Budget was a proposal of the Liberal government that introduced unprecedented taxes on the lands and high incomes of Britain's wealthy to fund new social welfare programmes. It passed the House of Commons in 1909 but was blocked by the House of Lords for a year and became law in April 1910. It was championed by the Chancellor of the Exchequer, David Lloyd George, and his young ally Winston Churchill, who was then President of the Board of Trade and a fellow Liberal; called the "Terrible Twins" by certain Conservative contemporaries. Churchill's biographer, William Manchester,
George Lloyd-Jacob 1918–21. He was called to the bar in 1893 and took silk in 1945. From 1937–45, Lloyd-Jacob served as junior counsel to the Board of Trade on patent matters. He was appointed to the High Court in January 1950 and was knighted by King George VI the next month. In 1967, in a 49-day patent case he was hearing, defendants Rolls-Royce – who were being sued over a dispute over engine patents – insured Lloyd-Jacob's life for £100,000 until the end of the case. He died unexpectedly in Surrey at age 72. George Lloyd-Jacob Hon. Sir George Harold Lloyd-Jacob (1