Churchill's biographer, William Manchester, called the People's Budget "a revolutionary concept" because it was the first budget in British history with the expressed intent of redistributing wealth among the British public. It was a key issue of contention between the Liberal government and the Conservative-dominated House of Lords, ultimately 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:
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