- Join over 1.2 million students every month
- Accelerate your learning by 29%
- Unlimited access for just £4.99 per month
Why did the House of Lords reject the 1909 Budget
The first 200 words of this essay...
Why Did The House of Lords Reject The 1909 Budget?
In his 1909-10 budget, Lloyd George, Chancellor of the Exchequer needed to find £15 million of extra revenue to provide for the new social services and for the construction of naval warships. He set out to tax the rich and especially those living on unearned income. His budget proposed:
* Increased incomes tax from one shilling to one shilling and two pence in the pound on incomes over £3,000 a year.
* A new super tax on incomes over £5,000 a year
* Increased death duties on estates of over £5,000 a year
* New land taxes
* Indirect taxes on luxury goods such as motor cars, petrol, beer and tobacco.
Lloyd George needed to increase revenue and he favoured the redistribution of wealth from rich to poor, but probably had other reasons for launching his provocative budget too. He wanted to show working-voters that they need not vote for the new Labour Party in order to get radical measure, and more importantly, he wanted to punish the conservatives for their opposition of the Lords.
Prior to 1905 the Conservative domination of
Found what you're looking for?
- Start learning 29% faster today
- Over 150,000 essays available
- Just £4.99 a month
Not the one? We have 100's more
British History: Monarchy & Politics (view all)
- To what extent did Henry VII reduce the power of the nobilit...
- Do you agree with the view suggested in source 5 that the ma...
- What problems did Elizabeth I face at the begining of her re...
- Why did King Charles I Resort to Personal Rule in 1629?
- What prinicples governed foreign and imperial policies from ...
- Do you agree with the view suggested in source 5 that the ma...
- To what extent does the Reform Act of 1832 deserved to be ca...
- Social changes during the Tudor period
- Within the context of the period 1337-1471, to what extent c...
- Do You Agree With The View That Conscientious Objectors Were...
- Elizabeth I: There is much debate amongst historians concern...
- Conservative scandals were the most important reason for why...
- Explain why Richard III was able to usurp the throne of Engl...
- 'Wolsey's foreign policy reveals that he had no other aims t...
- To what extent did Henry VII reduce the power of the nobilit...