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 the first shot, and Lloyd George sent a public reply, moderate in tone (the journalist C. P. Scott helped him draft it), on 25 May. In late May, the executive of the National Liberal Federation convened to plan the agenda for the following month's conference. 16 were pro Asquith and 8 pro Lloyd George; they planned a motion expressing confidence in Asquith, but another option was also proposed to seek Asquith’s opinion first, and also general feeling of regret at having been forced to choose between Asquith and Lloyd George. Asquith then wrote another public letter (1 June) stating that