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
David Lloyd George triumph. He had won the case of social reform without losing the debate on Free Trade. Arthur Balfour denounced the budget as "vindictive, inequitable, based on no principles, and injurious to the productive capacity of the country." Roy Jenkins described it as the most reverberating since Gladstone's in 1860. In the House of Commons, Lloyd George gave a brilliant account of the budget, which was attacked by the Conservatives. On the stump, notably at his Limehouse speech in 1909, he denounced the Conservatives and the wealthy classes with all his very considerable oratorical power. The budget was defeated by the