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
Gwilym Lloyd George the Labour Party. Educated at Eastbourne College and Jesus College, Cambridge, Lloyd George was commissioned into the Royal Welch Fusiliers in 1914. In 1915 he became Aide-de-Camp to Major-General Ivor Phillips, commander of the 38th (Welsh) Division. He transferred to the Anti-Aircraft branch of the Royal Garrison Artillery in 1916 and rose to the rank of Major, being known for most of his political career as Major Lloyd George. He was also mentioned in dispatches. Lloyd George was Liberal Member of Parliament (MP) for Pembrokeshire from 1922 to 1924 and again from 1929 to 1950 (though by the late 1940s