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 of Sir Alexander Penrose Gordon-Cumming, 5th Baronet and Elizabeth, Countess Cawdor. It was her third marriage, and her third to a peer. Owen Lloyd George, 3rd Earl Lloyd-George of Dwyfor Owen Lloyd George, 3rd Earl Lloyd-George of Dwyfor, DL (28 April 1924 – 29 July 2010 ) was a British Peer. He sat as a crossbencher in the House of Lords. Lord Lloyd-George was the son of Richard Lloyd George, 2nd Earl Lloyd-George of Dwyfor and Roberta Ida Freeman McAlpine, the youngest daughter of Sir Robert McAlpine, 1st Baronet, the founder of the engineering company Sir Robert McAlpine. He was