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
Richard Lloyd George, 2nd Earl Lloyd-George of Dwyfor father died of cancer and he inherited his peerage, unusually becoming the first member of the family to sit in the House of Lords, as David Lloyd George had been too ill to do so. He wrote a biography of his mother, "Dame Margaret". Richard Lloyd George, 2nd Earl Lloyd-George of Dwyfor Richard Lloyd George, 2nd Earl Lloyd-George of Dwyfor (15 February 1889 – 1 May 1968) was a British soldier and peer in the peerage of the United Kingdom, a member of the House of Lords from 1945 until his death. The son of the Liberal prime minister David