Crowds outside the Daily Graphic offices in the Strand, waiting to hear about the 'People's Budget' 1909, (1947). People outside the office of the "Daily Graphic" newspaper in the City of London, waiting for news of the 'People's Budget' in which Chancellor of the Exchequer David Lloyd George had proposed the introduction of a land tax. The new tax would have had a major effect on large landowners, and was opposed by the Conservative opposition, many of whom were large landowners themselves. The House of Lords rejected the Budget, which led in turn to the passing of the The Parliament Act of 1911, which asserted the supremacy of the House of Commons by limiting the legislation-blocking powers of the House of Lords. From "The Saturday Book", Seventh Year, edited by Leonard Russell. [Hutchinson, St. Albans, 1947]