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 sentiment about reparations from Germany to pay the entire cost of the war, including pensions. He said that German industrial capacity "will go a pretty long way". We must have "the uttermost farthing", and "shall search their pockets for it". As the campaign closed, he summarised his programme: The election was fought not so much on the peace issue and what to do with Germany, although those themes played a role. More important was the voters' evaluation of Lloyd George in terms of what he had accomplished so far and what he promised for the future. His supporters emphasised that