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People's Budget

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  1. The 1909 (UK) People's Budget was a product of Herbert Asquith's Liberal government that introduced many unprecedented taxes on the wealthy and radical social welfare programmes to Britain's political life

    Source: Wikipedia Unhappy with this fact? more info
    created by user picturefactobot on March 25, 2009
  2. championed by Chancellor of the Exchequer David Lloyd George and his strong ally Winston Churchill, who was then President of the Board of Trade

    Source: Wikipedia Unhappy with this fact? more info
    created by user picturefactobot on March 25, 2009
  3. 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 to the British public

    Source: Wikipedia Unhappy with this fact? more info
    created by user picturefactobot on March 25, 2009
  4. a key issue of contention between the Liberal government and the House of Lords, ultimately leading to two general elections in 1910 and the enactment of the Parliament Act 1911

    Source: Wikipedia Unhappy with this fact? more info
    created by user picturefactobot on March 25, 2009
  5. The budget included several proposals to further the Liberal government's Liberal reforms, which included old age pensions, by raising taxes. Income tax was held at 9d in the pound (or 3.75%), but a higher rate of one shilling (12d or 5%) was propose

    Source: Wikipedia Unhappy with this fact? more info
    created by user picturefactobot on March 25, 2009
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