Budget Protest League
Encyclopedia
The Budget Protest League was a British pressure group formed in June 1909 and led by Walter Long
to oppose David Lloyd George
's (nicknamed the 'Welsh Wizrd') "People's Budget
" outside of Parliament
.
The League attacked the Budget's Finance (1909-10) Act 1910 as Socialist
because of its income tax
rises, increased death duties
, and a land value tax
in order to redistribute this to old age pension
s. It was not linked to tariff reform
. It produced posters outlining its opposition to Lloyd George and the Budget.
In reaction to the formation of this League there was formed a Budget League—chaired by Winston Churchill
—to promote the "People's Budget".
Walter Hume Long, 1st Viscount Long
Walter Hume Long, 1st Viscount Long PC, FRS, JP , was a British Unionist politician. In a political career spanning over 40 years, he held office as President of the Board of Agriculture, President of the Local Government Board, Chief Secretary for Ireland, Secretary of State for the Colonies and...
to oppose David Lloyd George
David Lloyd George
David Lloyd George, 1st Earl Lloyd-George of Dwyfor OM, PC was a British Liberal politician and statesman...
's (nicknamed the 'Welsh Wizrd') "People's Budget
People's Budget
The 1909 People's Budget was a product of then British Prime Minister H. H. Asquith's Liberal government, introducing many unprecedented taxes on the wealthy and radical social welfare programmes to Britain's political life...
" outside of Parliament
Parliament of the United Kingdom
The Parliament of the United Kingdom of Great Britain and Northern Ireland is the supreme legislative body in the United Kingdom, British Crown dependencies and British overseas territories, located in London...
.
The League attacked the Budget's Finance (1909-10) Act 1910 as Socialist
Socialism
Socialism is an economic system characterized by social ownership of the means of production and cooperative management of the economy; or a political philosophy advocating such a system. "Social ownership" may refer to any one of, or a combination of, the following: cooperative enterprises,...
because of its income tax
Income tax
An income tax is a tax levied on the income of individuals or businesses . Various income tax systems exist, with varying degrees of tax incidence. Income taxation can be progressive, proportional, or regressive. When the tax is levied on the income of companies, it is often called a corporate...
rises, increased death duties
Inheritance tax
An inheritance tax or estate tax is a levy paid by a person who inherits money or property or a tax on the estate of a person who has died...
, and a land value tax
Land value tax
A land value tax is a levy on the unimproved value of land. It is an ad valorem tax on land that disregards the value of buildings, personal property and other improvements...
in order to redistribute this to old age pension
Pension
In general, a pension is an arrangement to provide people with an income when they are no longer earning a regular income from employment. Pensions should not be confused with severance pay; the former is paid in regular installments, while the latter is paid in one lump sum.The terms retirement...
s. It was not linked to tariff reform
Protectionism
Protectionism is the economic policy of restraining trade between states through methods such as tariffs on imported goods, restrictive quotas, and a variety of other government regulations designed to allow "fair competition" between imports and goods and services produced domestically.This...
. It produced posters outlining its opposition to Lloyd George and the Budget.
In reaction to the formation of this League there was formed a Budget League—chaired by Winston Churchill
Winston Churchill
Sir Winston Leonard Spencer-Churchill, was a predominantly Conservative British politician and statesman known for his leadership of the United Kingdom during the Second World War. He is widely regarded as one of the greatest wartime leaders of the century and served as Prime Minister twice...
—to promote the "People's Budget".