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Because of his actions as Chancellor, Gladstone earned the reputation as the liberator of British trade and the working man's breakfast table, the man responsible for the emancipation of the popular press from "taxes upon knowledge" and for placing a duty on the succession of the estates of the rich. [67]
William Harcourt, successful promoter of 1894 reforms. The succession duty's taxation of the life interest in real property, as opposed to its full capital value, was seen to be unfair to heirs of different ages, as elder heirs effectively received a life interest that was lower in value than one received by a younger heir, even when they were shares in the same property.
The foreign policy of William Ewart Gladstone focuses primarily on British foreign policy during the four premierships of William Ewart Gladstone. It also considers his positions as Chancellor of the Exchequer , and while leader of the Liberal opposition.
In close relation with the income-tax is the estate duty, with its adjuncts of legacy and succession duties. After Pitt's failure to carry the succession duty in 1796, no change was made until Gladstone's introduction in 1853 of a duty on land and settled property parallel to the legacy duty on free personality.
William Ewart Gladstone was the Liberal prime minister of the United Kingdom of Great Britain and Ireland on four separate occasions between 1868 and 1894. He was noted for his moralistic leadership and his emphasis on world peace, economical budgets, political reform and efforts to resolve the Irish question.
Advertisement duty was abolished in 1853, followed by newspaper stamp duty in 1855. The paper duty was removed in 1861. [ 33 ] William Gladstone , as Chancellor of the Exchequer, repealed the paper duties, but only after a false start in 1860, when the House of Lords rejected his bill, against conventions on financial issues.
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After campaigning against the foreign policy of the Beaconsfield ministry, William Gladstone led the Liberal Party to victory in the 1880 general election.The nominal leader of the Party, Lord Hartington, resigned in Gladstone's favour and Gladstone was appointed Prime Minister of the United Kingdom for a second time by Queen Victoria.