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107-687: In August 1914, after discovering that Germany had a Propaganda Agency, David Lloyd George , the Chancellor of the Exchequer , was given the task of setting up a British War Propaganda Bureau. Lloyd George appointed the writer and fellow Liberal MP , Charles Masterman to head the organization, whose headquarters were set up at Wellington House, the London headquarters of the National Insurance Commission , of which Masterman

214-480: A 20% tax on the unearned increase in the value of land , payable at the death of the owner or sale of the land, and 1 ⁄ 2  d. on undeveloped land and minerals, increased death duties, a rise in income tax, and the introduction of Supertax on income over £3,000. There were taxes also on luxuries, alcohol and tobacco, so that money could be made available for the new welfare programmes as well as new battleships. The nation's landowners (well represented in

321-578: A Caernarfon friend in 1888 that he was a "Welsh Nationalist of the Ellis type". One of Lloyd George's first acts as an MP was to organise an informal grouping of Welsh Liberal members with a programme that included; disestablishing and disendowing the Church of England in Wales, temperance reform, and establishing Welsh home rule . He was keen on decentralisation and thus Welsh devolution , starting with

428-478: A Department of Information. John Buchan was promoted to Lieutenant-Colonel and put in charge of it at an annual salary of £ 1,000. Masterman retained responsibility for books, pamphlets, photographs and war art, while T. L. Gilmour was responsible for telegraph communications, radio, newspapers, magazines and the cinema. In early 1918 it was decided that a senior government figure should take over responsibility for propaganda and on 4 March Lord Beaverbrook , owner of

535-474: A Welsh assembly in the 1979 Welsh devolution referendum . Lloyd George felt that disestablishment, land reform and other forms of Welsh devolution could only be achieved if Wales formed its own government within a federal imperial system. In 1895, in a failed Church in Wales Bill, Lloyd George added an amendment in a discreet attempt at forming a sort of Welsh home rule, a national council for appointment of

642-457: A cottage known as Highgate with her brother Richard, a shoemaker, lay minister and a strong Liberal. Richard Lloyd was a towering influence on his nephew and David adopted his uncle's surname to become "Lloyd George". Lloyd George was educated at the local Anglican school, Llanystumdwy National School , and later under tutors. He was brought up with Welsh as his first language; Roy Jenkins , another Welsh politician, notes that, "Lloyd George

749-482: A fanatical Welsh Nonconformity " for a quarter of a century. Lloyd George qualified as a solicitor in 1884 after being articled to a firm in Porthmadog and taking Honours in his final law examination. He set up his own practice in the back parlour of his uncle's house in 1885. Although many prime ministers have been barristers , Lloyd George is, as of 2024, the only solicitor to have held that office. As

856-460: A few exceptions replaced their veto power over most bills with a power to delay them for up to two years. Although old-age pensions had already been introduced by Asquith as Chancellor, Lloyd George was largely responsible for the introduction of state financial support for the sick and infirm (known colloquially as "going on the Lloyd George" for decades afterwards)—legislation referred to as

963-412: A humiliation intolerable for a great country like ours to endure. National honour is no party question. The security of our great international trade is no party question. He was warning both France and Germany, but the public response cheered solidarity with France and hostility toward Germany. Berlin was outraged, blaming Lloyd George for doing "untold harm both with regard to German public opinion and

1070-699: A liberal extension of the principle of Decentralization." During the next decade, Lloyd George campaigned in Parliament largely on Welsh issues, in particular for disestablishment and disendowment of the Church of England. When Gladstone retired in 1894 after the defeat of the second Home Rule Bill , the Welsh Liberal members chose him to serve on a deputation to William Harcourt to press for specific assurances on Welsh issues. When those assurances were not provided, they resolved to take independent action if

1177-633: A likely future cabinet member. The Act served to reunify the Liberals after their divisions over the Boer War and to increase Nonconformist influence in the party, which then included educational reform as policy in the 1906 election , which resulted in a Liberal landslide. All 34 Welsh seats returned a Liberal, except for one Labour seat in Merthyr Tydfil. Lloyd George also supported the romantic nationalist idea of Pan-Celtic unity and gave

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1284-520: A local currency that is pegged to the U.S. dollar or the New Zealand dollar . The Sovereign Base Areas of Akrotiri and Dhekelia (in Cyprus ) use the euro. Since decimalisation on Decimal Day in 1971, the pound has been divided into 100 pence (denoted on coinage, until 1981, as "new pence"). The symbol for the penny is "p"; hence an amount such as 50p (£0.50) properly pronounced "fifty pence"

1391-797: A loose umbrella organisation covering the two federations, but with very little power. In time, it became known as the Liberal Party of Wales. Lloyd George had a connection to or promoted the establishment of the National Library of Wales , the National Museum of Wales and the Welsh Department of the Board of Education . He also showed considerable support for the University of Wales , that its establishment raised

1498-477: A number of resolutions by acclamation: county council control of schools, withholding money from schools or even withholding rates from unsupportive county councils. The Liberals soon gained control of all thirteen Welsh County Councils. Lloyd George continued to speak in England against the bill, but the campaign there was less aggressively led, taking the form of passive resistance to rate paying. In August 1904

1605-399: A penny", "two and a penny", etc. 5 shillings, for example, was written as "5 s ." or, more commonly, "5/–" (five shillings, no pence). Various coin denominations had, and in some cases continue to have, special names, such as florin (2/–), crown (5/–), half crown (2/6 d ), farthing ( 1 ⁄ 4 d ), sovereign (£1) and guinea (21s, 21/–, £1–1–0 or £1.05 in decimal notation). By

1712-703: A policeman, as his life was in danger from the mob. At this time the Liberal Party was badly split as H. H. Asquith , R. B. Haldane and others were supporters of the war and formed the Liberal Imperial League . On 24 March Arthur Balfour , just about to take office as Prime Minister, introduced a bill which was to become the Education Act 1902 . Lloyd George supported the bill's proposals to bring voluntary schools (i.e. religious schools—mainly Church of England, and some Roman Catholic schools in certain inner city areas) in England and Wales under

1819-565: A poor state), and should also demand control of school governing bodies and a ban on religious tests for teachers; "no control, no cash" was Lloyd George's slogan. Lloyd George negotiated with A. G. Edwards , Anglican Bishop of St Asaph , and was prepared to settle on an "agreed religious syllabus" or even to allow Anglican teaching in schools, provided the county councils retained control of teacher appointments, but this compromise failed after opposition from other Anglican Welsh bishops. A well-attended meeting at Park Hall Cardiff (3 June 1903) passed

1926-472: A powerful parliament for the Welsh people". Lloyd George himself stated in 1880 "Is it not high time that Wales should the powers to manage its own affairs" and in 1890, "Parliament is so overweighted that it cannot possibly devote the time and trouble necessary to legislate for the peculiar and domestic retirement of each and every separate province of Britain". These statements would later be used to advocate for

2033-672: A rare case of him doing so), ostensibly from Alfred Thomas , chairman of the Welsh Parliamentary Liberal Party, but in reality instigated by Lloyd George, transferring control of Welsh schools from appointed boards to the elected county councils. The Education Act became law on 20 December 1902. Lloyd George now announced the real purpose of the amendment, described as a "booby trap" by his biographer John Grigg. The Welsh National Liberal Council soon adopted his proposal that county councils should refuse funding unless repairs were carried out to schools (many were in

2140-488: A resolution in support of Chamberlain at a local Liberal club and travelled to Birmingham to attend the first meeting of Chamberlain's new National Radical Union, but arrived a week too early. In 1907 Lloyd George would tell Herbert Lewis that he had thought Chamberlain's plan for a federal solution to the Home Rule Question correct in 1886 and still thought so, and that "If Henry Richmond, Osborne Morgan and

2247-574: A return to the hated church rates (which had been compulsory until 1868), and inspired a large grassroots campaign against the bill. Within days of the bill's unveiling (27 March), Lloyd George denounced "priestcraft" in a speech to his constituents, and he began an active campaign of speaking against the bill, both in public in Wales (with a few speeches in England) and in the House of Commons. On 12 November, Balfour accepted an amendment (willingly, but

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2354-470: A smaller war cabinet . To combat food shortages caused by u-boats , he implemented the convoy system, established rationing, and stimulated farming. After supporting the disastrous French Nivelle Offensive in 1917, he had to reluctantly approve Field Marshal Haig 's plans for the Battle of Passchendaele , which resulted in huge casualties with little strategic benefit. Against British military commanders, he

2461-479: A solicitor, Lloyd George was politically active from the start, campaigning for his uncle's Liberal Party in the 1885 election . He was attracted by Joseph Chamberlain 's "unauthorised programme" of Radical reform. After the election, Chamberlain split with Gladstone in opposition to Irish Home Rule , and Lloyd George moved to join the Liberal Unionists . Uncertain of which wing to follow, he moved

2568-571: A speech at the 1904 Pan-Celtic Congress in Caernarfon . During his second-ever speech in the House of Commons, Lloyd George criticised the grandeur of the monarchy. Lloyd George wrote extensively for Liberal-supporting papers such as the Manchester Guardian and spoke on Liberal issues (particularly temperance—the " local option "—and national as opposed to denominational education) throughout England and Wales. He served as

2675-521: A stirring and patriotic speech at Mansion House on 21 July 1911. He stated: But if a situation were to be forced upon us in which peace could only be preserved by the surrender of the great and beneficent position Britain has won by centuries of heroism and achievement, by allowing Britain to be treated where her interests were vitally affected as if she were of no account in the Cabinet of nations, then I say emphatically that peace at that price would be

2782-608: A tax increase of £63 million in a full year. His last budget, on 4 May 1915, showed a growing concern for the effects of alcohol on the war effort, with large increases in duties, and a scheme of state control of alcohol sales in specified areas. The excise proposals were opposed by the Irish Nationalists and the Conservatives, and were abandoned. Lloyd George gained a heroic reputation with his energetic work as Minister of Munitions in 1915 and 1916, setting

2889-409: A triumph. He had won the case of social reform without losing the debate on Free Trade. Arthur Balfour denounced the budget as "vindictive, inequitable, based on no principles, and injurious to the productive capacity of the country." Roy Jenkins described it as the most reverberating since Gladstone's in 1860. In the House of Commons, Lloyd George gave a brilliant account of the budget, which

2996-417: Is often pronounced "fifty pee" /fɪfti piː/. The old sign d was not reused for the new penny in order to avoid confusion between the two units. A decimal halfpenny ( ⁠ 1 / 2 ⁠ p, worth 1.2 old pennies) was issued until 1984 but was withdrawn due to inflation . Before decimalisation in 1971 , the pound was divided into 20 shillings , and each shilling into 12 pence , making 240 pence to

3103-615: Is the central bank for sterling, issuing its own banknotes and regulating issuance of banknotes by private banks in Scotland and Northern Ireland. Sterling banknotes issued by other jurisdictions are not regulated by the Bank of England; their governments guarantee convertibility at par . Historically, sterling was also used to varying degrees by the colonies and territories of the British Empire . There are various theories regarding

3210-578: Is the currency of the United Kingdom and nine of its associated territories. The pound ( sign: £ ) is the main unit of sterling, and the word pound is also used to refer to the British currency generally, often qualified in international contexts as the British pound or the pound sterling . Sterling is the world's oldest currency in continuous use since its inception. In 2022, it

3317-605: The Daily Express newspaper, was made Minister of Information . Masterman was placed beneath him as Director of Publications, and John Buchan as Director of Intelligence. Lord Northcliffe , owner of The Times and the Daily Mail , was put in charge of propaganda aimed at enemy nations, while Robert Donald , editor of the Daily Chronicle , was made director of propaganda aimed at neutral nations. Following

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3424-493: The Manchester Guardian that Britain would keep out of the impending war. With the Cabinet divided, and most ministers reluctant for Britain to get involved, he struck Asquith as "statesmanlike" at the Cabinet meeting on 1 August, favouring keeping Britain's options open. The next day he seemed likely to resign if Britain intervened, but he held back at Cabinet on Monday 3 August, moved by the news that Belgium would resist Germany's demand of passage for her army across her soil. He

3531-574: The Burial Laws Amendment Act 1880 but theretofore ignored by the Anglican clergy. On Lloyd George's advice, a Baptist burial party broke open a gate to a cemetery that had been locked against them by the vicar. The vicar sued them for trespass and although the jury returned a verdict for the party, the local judge misrecorded the jury's verdict and found in the vicar's favour. Suspecting bias, Lloyd George's clients won on appeal to

3638-626: The Church of England in Wales , equality for labourers and tenant farmers, and reform of land ownership. In 1890 he won a by-election to become the Member of Parliament for Caernarvon Boroughs , in which seat he remained for 55 years. He served in Henry Campbell-Bannerman 's cabinet from 1905. After H. H. Asquith succeeded to the premiership in 1908, Lloyd George replaced him as Chancellor . To fund extensive welfare reforms he proposed taxes on land ownership and high incomes in

3745-654: The First World War , for social-reform policies, for his role in the Paris Peace Conference , and for negotiating the establishment of the Irish Free State . He was the last Liberal prime minister; the party fell into third-party status towards the end of his premiership. Lloyd George gained a reputation as an orator and proponent of a Welsh blend of radical Liberal ideas, which included support for Welsh devolution , disestablishment of

3852-479: The Irish Free State in 1921. At home, he initiated education and housing reforms, but trade-union militancy rose to record levels, the economy became depressed in 1920 and unemployment rose; spending cuts followed in 1921–22, and in 1922 he became embroiled in a scandal over the sale of honours and the Chanak Crisis . The Carlton Club meeting decided the Conservatives should end the coalition and contest

3959-738: The Irish National Party . He abandoned this idea after being criticised in Welsh newspapers for bringing about the defeat of the Liberal Party in the 1895 election . In an AGM meeting in Newport on 16 January 1896 of the South Wales Liberal Federation, led by D. A. Thomas , a proposal was made to unite the North and South Liberal Federations with Cymru Fydd to form The Welsh National Federation. This

4066-543: The Liberal Reforms . Lloyd George also succeeded in putting through Parliament his National Insurance Act 1911 , making provision for sickness and invalidism, and a system of unemployment insurance. He was helped in his endeavours by forty or so backbenchers who regularly pushed for new social measures, often voted with Labour MPs. These social reforms in Britain were the beginnings of a welfare state and fulfilled

4173-536: The Local Government Act 1888 ) and would remain so for the rest of his life. Lloyd George would also serve the county as a Justice of the Peace (1910), chairman of Quarter Sessions (1929–38), and Deputy Lieutenant in 1921. Lloyd George married Margaret Owen , the daughter of a well-to-do local farming family, on 24 January 1888. Lloyd George's career as a member of parliament began when he

4280-803: The National Government . In 1940, he refused to serve in Churchill's War Cabinet . He was elevated to the peerage in 1945, very shortly before his death. David George was born on 17 January 1863 in Chorlton-on-Medlock , Manchester, to Welsh parents William George and Elizabeth Lloyd George. William died in June 1864 of pneumonia, aged 44. David was just over one year old. Elizabeth George moved with her children to her native Llanystumdwy in Caernarfonshire, where she lived in

4387-541: The Second Boer War . Following Rosebery's lead, he based his attack firstly on what were supposed to be Britain's war aims—remedying the grievances of the [italicno] Error: {{Lang}}: invalid parameter: |3= ( help ) and in particular the claim that they were wrongly denied the right to vote, saying "I do not believe the war has any connection with the franchise. It is a question of 45% dividends" and that England (which did not then have universal male suffrage)

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4494-690: The " People's Budget " (1909), which the Conservative -dominated House of Lords rejected. The resulting constitutional crisis was only resolved after elections in 1910 and passage of the Parliament Act 1911 . His budget was enacted in 1910, and the National Insurance Act 1911 and other measures helped to establish the modern welfare state . In 1913, he was embroiled in the Marconi scandal , but remained in office and secured

4601-657: The 1950s, coins of Kings George III , George IV and William IV had disappeared from circulation, but coins (at least the penny) bearing the head of every British monarch from Queen Victoria onwards could be found in circulation. Silver coins were replaced by those in cupro-nickel in 1947, and by the 1960s the silver coins were rarely seen. Silver/cupro-nickel sixpences, shillings (from any period after 1816) and florins (2 shillings) remained legal tender after decimalisation (as 2½p, 5p and 10p respectively) until 1980, 1990 and 1993 respectively, but are now officially demonetised. The pound sterling emerged after

4708-566: The Admiralty, of "the emphatic pledges given by all of us at the last general election to reduce the gigantic expenditure on armaments built up by the recklessness of our predecessors." He then proposed the programme be reduced from six to four dreadnoughts . This was adopted by the government, but there was a public storm when the Conservatives, with covert support from the First Sea Lord, Admiral Jackie Fisher , campaigned for more with

4815-469: The Bank of England has exclusively used the single bar variant since 1975. Historically, a simple capital L (in the historic black-letter typeface, L {\displaystyle {\mathfrak {L}}} ) placed before the numerals, or an italic l. after them, was used in newspapers, books and letters. The Royal Mint was still using this style of notation as late as 1939. The glyphs Ł and Ⱡ may occasionally be encountered. Use of

4922-630: The Divisional Court of Queen's Bench in London, where Lord Chief Justice Coleridge found in their favour. The case was hailed as a great victory throughout Wales and led to Lloyd George's adoption as the Liberal candidate for Carnarvon Boroughs on 27 December 1888. The same year, he and other young Welsh Liberals founded a monthly paper, Udgorn Rhyddid (Bugle of Freedom). In 1889, Lloyd George became an alderman on Carnarvonshire County Council (a new body which had been created by

5029-601: The Exchequer from 1908 to 1915. While he continued some work from the Board of Trade—for example, legislation to establish the Port of London Authority and to pursue traditional Liberal programmes such as licensing law reforms—his first major trial in this role was over the 1909–1910 Naval Estimates. The Liberal manifesto at the 1906 general election included a commitment to reduce military expenditure. Lloyd George strongly supported this, writing to Reginald McKenna , First Lord of

5136-470: The House of Commons greatly amended but was completely mangled by the House of Lords. For the rest of the year Lloyd George made numerous public speeches attacking the House of Lords for mutilating the bill with wrecking amendments, in defiance of the Liberals' electoral mandate to reform the 1902 Act. Lloyd George was rebuked by King Edward VII for these speeches: the Prime Minister defended him to

5243-550: The House of Commons that he had not speculated in the shares of "that company". He had in fact bought shares in the American Marconi Company. Lloyd George was instrumental in fulfilling a long-standing aspiration to disestablish the Anglican Church of Wales. As with Irish Home Rule , previous attempts to enact this had failed in the 1892–1895 Governments, and were now made possible by the removal of

5350-466: The House of Commons were not paid at that time, so Lloyd George supported himself and his growing family by continuing to practise as a solicitor. He opened an office in London under the name of "Lloyd George and Co." and continued in partnership with William George in Criccieth . In 1897, he merged his growing London practice with that of Arthur Rhys Roberts (who was to become Official Solicitor ) under

5457-648: The House of Lords and removed (disendowed) certain pre-1662 property rights. Lloyd George was as surprised as almost everyone else by the outbreak of the First World War . On 23 July 1914, almost a month after the assassination of Archduke Franz Ferdinand of Austria and on the eve of the Austro-Hungarian ultimatum to Serbia, he made a speech advocating "economy" in the House of Commons, saying that Britain's relations with Germany were better than for many years. On 27 July he told C. P. Scott of

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5564-465: The House of Lords) were intensely angry at the new taxes, mostly at the proposed very high tax on land values, but also because the instrumental redistribution of wealth could be used to detract from an argument for protective tariffs. The immediate consequences included the end of the Liberal League , and Rosebery breaking friendship with the Liberal Party, which in itself was for Lloyd George

5671-504: The King's secretary Francis Knollys , stating that his behaviour in Parliament was more constructive but that in speeches to the public "the combative spirit seems to get the better of him". No compromise was possible and the bill was abandoned, allowing the 1902 Act to continue in effect. As a result of Lloyd George's lobbying, a separate department for Wales was created within the Board of Education. Nonconformists were bitterly upset by

5778-457: The League's money was not frequently debased like that of England, English traders stipulated to be paid in pounds of the "Easterlings", which was contracted to "'sterling". The OED dismisses this theory as unlikely, since the stressed first syllable would not have been elided. Encyclopædia Britannica states that the (pre-Norman) Anglo-Saxon kingdoms had silver coins called sterlings and that

5885-514: The Lords' veto in 1911, and as with Home Rule the initial bill (1912) was delayed for two years by the Lords, becoming law in 1914 , only to be suspended for the duration of the war . After the Welsh Church (Temporalities) Act 1919 was passed, Welsh Disestablishment finally came into force in 1920. This Act also removed the right of the six Welsh Bishops in the new Church in Wales to sit in

5992-505: The Roman libra , solidus , and denarius . Notable style guides recommend that the pound sign be used without any abbreviation or qualification to indicate sterling (e.g., £12,000). The ISO 4217 code "GBP" (e.g., GBP 12,000) may also be seen should disambiguation become necessary. The ISO 4217 currency code for sterling is "GBP", formed from the ISO 3166-1 alpha-2 code for

6099-594: The South East and thus, difficulty in gaining support for Home Rule for Wales, Lloyd George shifted his focus to improving the socio-economic environment of Wales as part of the United Kingdom and the British Empire . Although Lloyd George considered himself a "Welshman first", he saw the opportunities for Wales within the UK. In 1898, Lloyd George created the Welsh National Liberal Council,

6206-659: The United Kingdom ("GB") and the first letter of "pound". In historical sources and some specialist banking uses, the abbreviation stg (in various styles) has been used to indicate sterling. Many stocks on the London Stock Exchange are quoted in penny sterling, using the unofficial code "GBX". The exchange rate of sterling against the US dollar is referred to as "cable" in the wholesale foreign exchange markets . The origins of this term are attributed to

6313-408: The Welsh Church commissioners. Although not condemned by Tom Ellis MP, this was to the annoyance of J. Bryn Roberts MP and the Home Secretary H. H. Asquith MP. He was also a co-leader of Cymru Fydd , a national Welsh party with liberal values with the goals of promoting a "stronger Welsh identity" and establishing a Welsh government. He hoped that Cymru Fydd would become a force like

6420-507: The Welsh members had stood by Chamberlain on an agreement as regards the [Welsh] disestablishment, they would have carried Wales with them" His legal practice quickly flourished; he established branch offices in surrounding towns and took his brother William into partnership in 1887. Lloyd George's legal and political triumph came in the Llanfrothen burial case, which established the right of Nonconformists to be buried according to denominational rites in parish burial grounds, as given by

6527-417: The adoption of the Carolingian monetary system in England c.  800 . Here is a summary of changes to its value in terms of silver or gold until 1816. The pound was a unit of account in Anglo-Saxon England . By the ninth century it was equal to 240 silver pence . The accounting system of dividing one pound into twenty shillings , a shilling into twelve pence, and a penny into four farthings

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6634-446: The aim of dampening down the demands of the growing working class for rather more radical solutions to their impoverishment. Under his leadership, after 1909 the Liberals extended minimum wages to farmworkers. Lloyd George was an opponent of warfare but he paid little attention to foreign affairs until the Agadir Crisis of 1911. After consulting Edward Grey (the foreign minister) and H.   H. Asquith (the prime minister) he gave

6741-423: The announcement, in February 1918, Lloyd George was accused of creating this new system to gain control over Fleet Street 's leading figures. David Lloyd George David Lloyd George, 1st Earl Lloyd-George of Dwyfor , (17 January 1863 – 26 March 1945) was Prime Minister of the United Kingdom from 1916 to 1922. A Liberal Party politician from Wales, he was known for leading the United Kingdom during

6848-426: The common phrase "quids in"). Its origin is unknown: possible derivations include scudo , the name for a number of currency units used in Italy until the 19th century, introduced by Italian immigrants; or from Latin quid via the common phrase quid pro quo , literally, "what for what", or, figuratively, "An equal exchange or substitution". The term "nicker" (also both singular and plural) may also refer to

6955-417: The compound noun pound sterling was derived from a pound (weight) of these sterlings. The English word pound derives from the Latin expression lībra pondō , in which lībra is a noun meaning 'pound' and pondō is a noun, in the ablative case , meaning 'by weight'. The currency sign for the pound unit of sterling is £ , which (depending on typeface) may be drawn with one or two bars :

7062-422: The control of local school boards, who would conduct inspections and appoint two out of each school's six managers. However, other measures were more contentious: the majority-religious school managers would retain the power to employ or sack teachers on religious grounds and would receive money from the rates (local property taxes). This offended nonconformist opinion, then in a period of revival, as it seemed like

7169-435: The devolution of the Church in Wales saying in 1890: "I am deeply impressed with the fact that Wales has wants and inspirations of her own which have too long been ignored, but which must no longer be neglected. First and foremost amongst these stands the cause of Religious Liberty and Equality in Wales. If returned to Parliament by you, it shall be my earnest endeavour to labour for the triumph of this great cause. I believe in

7276-442: The disestablishment of the Church of England in Wales. In 1915, Lloyd George became Minister of Munitions and expanded artillery shell production for the war. In 1916, he was appointed Secretary of State for War but was frustrated by his limited power and clashes with Army commanders over strategy. Asquith proved ineffective as prime minister and was replaced by Lloyd George in December 1916. He centralised authority by creating

7383-430: The fact that from the mid-19th century, the sterling/dollar exchange rate was transmitted via transatlantic cable. Historically almost every British coin had a widely recognised nickname, such as "tanner" for the sixpence and "bob" for the shilling . Since decimalisation these have mostly fallen out of use except as parts of proverbs. A common slang term for the pound unit is " quid " (singular and plural, except in

7490-403: The failure of the Liberal Party to reform the 1902 Education Act, its most important promise to them, and over time their support for the Liberal Party slowly fell away. At the Board of Trade Lloyd George introduced legislation on many topics, from merchant shipping and the Port of London to companies and railway regulation. His main achievement was in stopping a proposed national strike of

7597-417: The first year of the Great War. The budget of 17 November 1914 had to allow for lower taxation receipts because of the reduction in world trade. The Crimean and Boer Wars had largely been paid for out of taxation, but Lloyd George raised debt financing of £321 million. Large (but deferred) increases in Supertax and income tax rates were accompanied by increases in excise duties, and the budget produced

7704-653: The government brought in the Education (Local Authority Default) Act giving the Board of Education power to take charge of schools, which Lloyd George immediately nicknamed the "Coercion of Wales Act". He addressed another convention in Cardiff on 6 October 1904, during which he proclaimed that the Welsh flag was "a dragon rampant, not a sheep recumbent". Under his leadership, the convention pledged not to maintain elementary schools, or to withdraw children from elementary schools altogether so that they could be taught privately by

7811-466: The government did not bring a bill for disestablishment. When a bill was not forthcoming, he and three other Welsh Liberals ( D. A. Thomas , Herbert Lewis and Frank Edwards ) refused the whip on 14 April 1894, but accepted Lord Rosebery 's assurance and rejoined the official Liberals on 29 May. Historian Emyr Price referred to Lloyd George as "the first architect of Welsh devolution and its most famous advocate" as well as "the pioneering advocate of

7918-477: The home front. Nash later complained about the strict control maintained by the Bureau over the official subject matter, saying "I am no longer an artist. I am an artist who will bring back word from the men who are fighting to those who want the war to go on forever. Feeble, inarticulate will be my message, but it will have a bitter truth and may it burn their lousy souls." In February 1917 the government established

8025-552: The industry which makes the wealth of the country?". In a break with convention , the budget was defeated by the Conservative majority in the House of Lords. The elections of 1910 narrowly upheld the Liberal government. The 1909 budget was passed on 28 April 1910 by the Lords and received the Royal Assent on the 29th. Subsequently, the Parliament Act 1911 removed the House of Lords' power to block money bills, and with

8132-581: The legal adviser of Theodor Herzl in his negotiations with the British government regarding the Uganda Scheme , proposed as an alternative homeland for the Jews due to Turkish refusal to grant a charter for Jewish settlement in Palestine. In 1905, Lloyd George entered the new Liberal Cabinet of Sir Henry Campbell-Bannerman as President of the Board of Trade . The first priority on taking office

8239-491: The letter ⟨L⟩ for pound derives from medieval Latin documents: "L" was the abbreviation for libra , the Roman pound (weight), which in time became an English unit of weight defined as the tower pound . A "pound sterling" was literally a tower pound (weight) of sterling silver . In the British pre-decimal ( duodecimal ) currency system, the term £sd (or Lsd) for pounds, shillings and pence referred to

8346-641: The meeting but was unable to attend. All the writers who attended agreed to maintain the utmost secrecy, and it was not until 1935 that the activities of the War Propaganda Bureau became public knowledge. Several of the writers agreed to write pamphlets and books that would promote the government's point of view; these were printed and published by such well-known publishers as Hodder & Stoughton , Methuen , Oxford University Press , John Murray , Macmillan and Thomas Nelson . The War Propaganda Bureau went on to publish over 1,160 pamphlets during

8453-427: The name of "Lloyd George, Roberts and Co." Kenneth O. Morgan describes Lloyd George as a "lifelong Welsh nationalist" and suggests that between 1880 and 1914 he was "the symbol and tribune of the national reawakening of Wales ", although he is also clear that from the early 1900s his main focus gradually shifted to UK-wide issues. He also became an associate of Tom Ellis , MP for Meirionydd, having previously told

8560-509: The necessary documents to write the work. General Headquarters Staff saw this as very good for propaganda as Buchan's close relationship with Britain's military leaders made it very difficult for him to include any criticism about the way the war was being conducted. After January 1916 the Bureau's activities were subsumed under the office of the Secretary of State for Foreign Affairs. In May 1916 Masterman recruited artist Muirhead Bone . He

8667-562: The negotiations." Count Metternich , Germany's ambassador in London, said, "Mr Lloyd George's speech came upon us like a thunderbolt". In 1913, Lloyd George, along with Rufus Isaacs , the Attorney General, was involved in the Marconi scandal . Accused of speculating in Marconi shares on the inside information that they were about to be awarded a key government contract (which would have caused them to increase in value), he told

8774-442: The next election alone. Lloyd George resigned as prime minister, but continued as the leader of a Liberal faction. After an awkward reunion with Asquith's faction in 1923, Lloyd George led the weak Liberal Party from 1926 to 1931. He proposed innovative schemes for public works and other reforms, but made only modest gains in the 1929 election . After 1931, he was a mistrusted figure heading a small rump of breakaway Liberals opposed to

8881-465: The nonconformist churches. In Travis Crosbie's words, public resistance to the Education Act had caused a "perfect impasse". There was no progress between Welsh counties and Westminster until 1905. Having already gained national recognition for his anti-Boer War campaigns, Lloyd George's leadership of the attacks on the Education Act gave him a strong parliamentary reputation and marked him as

8988-597: The origin of the word "sterling". The Oxford English Dictionary states that the "most plausible" etymology is a derivation from the Old English steorra for "star" with the added diminutive suffix -ling , to yield "little star". The reference is to the silver penny used in Norman England in the twelfth century, which bore a small star. Another theory holds that the Hanseatic League

9095-554: The pound. The currency of all the Crown Dependencies ( Guernsey , Jersey , Isle of Man ) and a third of British Overseas Territories ( British Antarctic Territory ; Falkland Islands and South Georgia and the South Sandwich Islands ; Gibraltar ; and Saint Helena, Ascension and Tristan da Cunha ) is either sterling or pegged to sterling at par. The other British Overseas Territories have

9202-602: The pound. The symbol for the shilling was " s ." – not from the first letter of "shilling", but from the Latin solidus . The symbol for the penny was " d .", from the French denier , from the Latin denarius (the solidus and denarius were Roman coins). A mixed sum of shillings and pence, such as 3 shillings and 6 pence, was written as "3/6" or "3 s . 6 d ." and spoken as "three and six" or "three and sixpence" except for "1/1", "2/1" etc., which were spoken as "one and

9309-508: The railway unions by brokering an agreement between the unions and the railway companies. While almost all the companies refused to recognise the unions, Lloyd George persuaded the companies to recognise elected representatives of the workers who sat with the company representatives on conciliation boards—one for each company. If those boards failed to agree then an arbitrator would be called upon. On Campbell-Bannerman's death, he succeeded Asquith, who had become prime minister, as Chancellor of

9416-513: The reign of King Offa of Mercia (757–796), who introduced a "sterling" coin made by physically dividing a Tower pound (5,400 grains, 349.9 grams) of silver into 240 parts. In practice, the weights of the coins were not consistent, 240 of them seldom added up to a full pound; there were no shilling or pound coins and these units were used only as an accounting convenience . Halfpennies and farthings worth 1 ⁄ 2 and 1 ⁄ 4 penny respectively were also minted, but small change

9523-666: The sick or wounded soldiers and were starving Boer women and children in concentration camps. But his major thrusts were reserved for the Chamberlains, accusing them of war profiteering through the family company Kynoch Ltd, of which Chamberlain's brother was chairman. The firm had won tenders to the War Office , though its prices were higher than some of its competitors. After speaking at a meeting in Birmingham Lloyd George had to be smuggled out disguised as

9630-447: The slogan "We want eight and we won't wait". This resulted in Lloyd George's defeat in Cabinet and the adoption of estimates including provision for eight dreadnoughts. During this period he was also a target of protest by the women's suffrage movement, for he professed personal support for extension of the suffrage but did not move for changes within the Parliament process. In 1909, Lloyd George introduced his People's Budget , imposing

9737-977: The stage for his move up to the height of power. After a long struggle with the War Office, he wrested responsibility for arms production away from the generals, making it a purely industrial department, with considerable expert assistance from Walter Runciman . The two men gained the respect of Liberal cabinet colleagues for improving administrative capabilities, and increasing outputs. Pound sterling King Charles III [REDACTED] William, Prince of Wales [REDACTED] Charles III ( King-in-Council ) [REDACTED] Starmer ministry ( L ) Keir Starmer ( L ) Angela Rayner ( L ) ( King-in-Parliament ) [REDACTED] Charles III [REDACTED] [REDACTED] [REDACTED] The Lord Reed The Lord Hodge Andrew Bailey Monetary Policy Committee Sterling ( ISO code : GBP )

9844-605: The status of Welsh people and that the university deserved greater funding by the UK government. Lloyd George had been impressed by his journey to Canada in 1899. Although sometimes wrongly supposed—both at the time and subsequently—to be a Little Englander , he was not an opponent of the British Empire per se , but in a speech at Birkenhead (21 November 1901) he stressed that it needed to be based on freedom, including for India, not "racial arrogance". Consequently, he gained national fame by displaying vehement opposition to

9951-507: The war. One of the first significant publications to be produced by the Bureau was the Report on Alleged German Outrages , in early 1915. This pamphlet documented atrocities both actual and alleged committed by the German army against Belgian civilians. A Dutch illustrator, Louis Raemaekers , provided highly emotional drawings which appeared in the pamphlet. One of Masterman's early projects

10058-429: Was Welsh, that his whole culture, his whole outlook, his language was Welsh." Though brought up a devout evangelical, Lloyd George privately lost his religious faith as a young man. Biographer Don Cregier says he became "a Deist and perhaps an agnostic, though he remained a chapel-goer and connoisseur of good preaching all his life." He was nevertheless, according to Frank Owen , "one of the foremost fighting leaders of

10165-638: Was a history of the war to be published as a monthly magazine, for which he recruited John Buchan to head its production. Published by Buchan's own publishers, Thomas Nelson, the first installment of the Nelson's History of the War appeared in February 1915. A further 23 editions appeared regularly during the war. Buchan was given the rank of Second Lieutenant in the Intelligence Corps and provided with

10272-570: Was a proposal which the North Wales Liberal Federation had already agreed to. However, the South Wales Liberal Federation rejected this. According to Lloyd George, he was shouted down by "Newport Englishmen" in the meeting, although the South Wales Argus suggested the poor crowd behaviour came from Lloyd George's supporters. Following difficulty in uniting the Liberal federations along with Cymru Fydd in

10379-470: Was adopted from the livre carolingienne system introduced by Charlemagne to the Frankish Empire . The penny was abbreviated to "d", from denarius , the Roman equivalent of the penny; the shilling to "s" from solidus (written with a long s , ſ , later evolving into a simple slash , / ); and the pound to "L" (subsequently £ ) from Libra or Livre . The origins of sterling lie in

10486-429: Was attacked by the Conservatives. On the stump, notably at his Limehouse speech in 1909, he denounced the Conservatives and the wealthy classes with all his very considerable oratorical power. Excoriating the House of Lords in another speech, Lloyd George said, "should 500 men, ordinary men, chosen accidentally from among the unemployed, override the judgement—the deliberate judgement—of millions of people who are engaged in

10593-869: Was finally able to see the Allies brought under one command in March 1918. The war effort turned in Allied favour and was won in November. Following the December 1918 "Coupon" election , he and the Conservatives maintained their coalition with popular support. Lloyd George was a leading proponent at the Paris Peace Conference of 1919, but the situation in Ireland worsened, erupting into the Irish War of Independence , which lasted until Lloyd George negotiated independence for

10700-511: Was more in need of franchise reform than the Boer republics. A second attack came on the cost of the war, which, he argued, prevented overdue social reform in England, such as old-age pensions and workmen's cottages. As the fighting continued his attacks moved to its conduct by the generals, who, he said (basing his words on reports by William Burdett-Coutts in The Times ), were not providing for

10807-480: Was returned as a Liberal MP for Caernarfon Boroughs (now Caernarfon ), narrowly winning the by-election on 10 April 1890 , following the death of the Conservative member Edmund Swetenham . He would remain an MP for the same constituency until 1945, 55 years later. Lloyd George's early beginnings in Westminster may have proven difficult for him as a radical liberal and "a great outsider". Backbench members of

10914-401: Was seen as a key figure whose stance helped to persuade almost the entire Cabinet to support British intervention. He was able to give the more pacifist members of the cabinet and the Liberal Party a principle—the rights of small nations—which meant they could support the war and maintain united political and popular support. Lloyd George remained in office as Chancellor of the Exchequer for

11021-418: Was sent to France and by October had produced 150 drawings. After Bone returned to England he was replaced by his brother-in-law, Francis Dodd , who had been working for the Manchester Guardian . In 1917 arrangements were made to send other artists to France including Eric Kennington , William Orpen , Paul Nash , C. R. W. Nevinson and William Rothenstein . John Lavery was recruited to paint pictures of

11128-504: Was the chairman. The Bureau began its propaganda campaign on 2 September 1914 when Masterman invited 25 leading British authors to Wellington House to discuss ways of best promoting Britain's interests during the war. Those who attended included William Archer , Hall Caine , Arthur Conan Doyle , Arnold Bennett , John Masefield , G. K. Chesterton , Henry Newbolt , John Galsworthy , Thomas Hardy , Gilbert Parker , G. M. Trevelyan and H. G. Wells . Rudyard Kipling had been invited to

11235-533: Was the fourth-most-traded currency in the foreign exchange market , after the United States dollar , the euro , and the Japanese yen . Together with those three currencies and the renminbi , it forms the basket of currencies that calculate the value of IMF special drawing rights . As of late 2022, sterling is also the fourth most-held reserve currency in global reserves . The Bank of England

11342-523: Was the origin of its definition, manufacture, and name: the German name for the Baltic is Ostsee ( ' East Sea ' ) and from this the Baltic merchants were called Osterlings ( ' Easterlings ' ). In 1260, Henry III granted them a charter of protection and land for their kontor , the Steelyard of London , which by the 1340s was also called Esterlingeshalle ( ' Easterlings Hall ' ). Because

11449-566: Was the repeal of the 1902 Education Act. Lloyd George took the lead along with Augustine Birrell , President of the Board of Education. Lloyd George appears to have been the dominant figure on the committee drawing up the bill in its later stages and insisted that the bill create a separate education committee for Wales. Birrell complained privately that the bill, introduced in the Commons on 9 April 1906, owed more to Lloyd George and that he himself had had little say in its contents. The bill passed

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