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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.
William Gladstone [a] 15 August 1892 – 2 March 1894 The Earl of Rosebery [b] 5 March 1894 – 21 June 1895 Chancellor of the Exchequer: Sir William Vernon Harcourt [c] 18 August 1892 Parliamentary Secretary to the Treasury: Edward Marjoribanks [d] 18 August 1892 T. E. Ellis: 10 March 1894 Financial Secretary to the Treasury: Sir John ...
Gladstonian liberalism is a political doctrine named after the British Victorian Prime Minister and Liberal Party leader William Ewart Gladstone.Gladstonian liberalism consisted of limited government expenditure and low taxation whilst making sure government had balanced budgets and the classical liberal stress on self-help and freedom of choice.
Gladstone as a child in 1887 with his famous grandfather. Gladstone was born on 14 July 1885. [3] His father, William Henry Gladstone (1840–1891), was the eldest son of the Liberal Prime Minister William Ewart Gladstone and his wife Catherine, and his mother was the Hon. Gertrude Gladstone, daughter of Charles Stuart, 12th Lord Blantyre.
William Gladstone served as prime minister four times (1868–74, 1880–85, 1886, and 1892–94). His financial policies, based on the notion of balanced budgets , low taxes and laissez-faire , were suited to a developing capitalist society, but they could not respond effectively as economic and social conditions changed.
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.
The 1873 vote of no confidence in the government of William Gladstone occurred in March 1873 when a government bill on university education in Ireland was vetoed in the House of Commons. William Gladstone became Prime Minister in December 1868. His premiership was marked by series of political and social reforms.