It was championed by Chancellor of the Exchequer David Lloyd George and his strong ally Winston Churchill, who was then President of the Board of Trade. 'The people's budget' was the first budget budget in British history with the expressed intent of redistributing wealth among the British public. It was a key issue of dispute 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.