The People's Budget

The People's Budget was a proposal introduced in 1909 by the British Labour Party to increase government spending on social services like healthcare, education, and housing. It aimed to fund these programs through higher taxes on the wealthy and big businesses, reducing income inequality. The budget was significant because it challenged the traditional balance of power between the government and Parliament. Although it was rejected by the House of Lords, it marked a turning point in advocating for social reforms and expanded public welfare, laying the groundwork for future welfare state policies in the UK.