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,
David Lloyd George George reached agreement on 13 November 1923 and issued a joint Free Trade manifesto, followed by a more general one. Lloyd George agreed to contribute £100,000 (in the event he claimed to have contributed £160,000 including help given to individual candidates; Liberal HQ put the number at £90,000). In 1924 Lloyd George, realising that Liberal defeat was inevitable and keen to take control of the party himself, spent only £60,000. At the 1924 general election, Baldwin won a clear victory, the leading coalitionists such as Austen Chamberlain and Lord Birkenhead (and former Liberal Winston Churchill) agreeing to serve under Baldwin