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The 1909/1910 People's Budget was a proposal of the Liberal government that introduced unprecedented taxes on the lands and incomes of Britain's wealthy to fund new social welfare programmes. It passed the House of Commons in 1909 but was blocked by the House of Lords for a year and became law in April 1910.
The 1909 People's Budget was the Liberal Government's key weapon in instigating social reform and marked a final move away from the system of Gladstonian finance, which had seen the Liberals traditionally associated with retrenchment in government expenditure and an emphasis on self-help.
…George framed the famous “People’s Budget” of 1909, calling for taxes upon unearned increment on the sale of land and on land values, higher death duties, and a supertax on incomes above £3,000.
Lloyd George's 1909 People's Budget was devised to bring about social reform and featured increases in income tax and excise duties, new taxes on cars, petrol and land, and a new supertax for those with incomes above £5,000.
In the Budget of 1909, "The People's Budget", we see his own mind and values at work. So controversial were some of the measures that the civil servants of the Exchequer refused to cooperate with him.
Lloyd George's Budget Notes. The People's Budget was introduced to Parliament on 29 April 1909. Lloyd George began his speech at 3PM to a packed House of Commons giving a five hour oration with only a half hour adjournment when he was provided a cup of beef tea to alleviate any fatigue.
Ian Packer gives a presentation on the state of public finances in Britain in 1909 and what the key proposals of the 1909 budget were. Lord Morgan of Aberdyfi introduces the symposium on Lloyd George's People's Budget, a series of lectures looking at the historic People's Budget of 1909.
