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 was conferred at its creation in 1945. Lloyd-George was educated at Oundle School, where he was featherweight boxing champion, but left before his 17th birthday to be apprenticed as a civil engineer to Sir Alfred McAlpine, 3rd Baronet. In 1942, Lloyd-George was commissioned into the Welsh Guards, where he gained the rank of Captain. In the Second World War, he fought with the 3rd Battalion in Italy between 1944 and 1945. After the war, he served with the 2nd Battalion in Germany. On the death of his grandfather in March 1945, Lloyd-George experienced an imaginative gesture on the part of