1909 People's Budget: Foundation of Welfare State by David Lloyd George.

Chancellor of the Exchequer David Lloyd George introduced the People's Budget of 1909, a groundbreaking initiative laying the foundation for the welfare state in the United Kingdom. This budget aimed to address social inequalities by implementing new taxes on the wealthy to fund programs supporting the working class. The proposal included a new super-tax on high incomes and a tax on unearned increment of land values. Additionally, it introduced the Old Age Pension, free school meals, and labor exchanges. The People's Budget was met with opposition from the House of Lords, sparking a constitutional crisis that led to the Parliament Act of 1911, limiting the Lords' power. Despite facing resistance, the budget marked a pivotal moment in British history, shifting towards a more equitable society with government intervention to support the less fortunate. This event set the stage for the development of the welfare state in the UK, influencing future social policies and contributing to the establishment of a more inclusive and supportive government framework. The People's Budget of 1909 remains a significant milestone in the country's history, reflecting a commitment to social justice and equality. #People'sBudget #WelfareState #SocialEquality #GovernmentIntervention #UKHistory