Take cases like Golder's Green and other cases of a similar kind where the value of land has gone up in the course, perhaps, of a couple of years through a new tramway or a new railway being opened. ... A few years ago there was a plot of land there which was sold at £160. Last year I went and opened a tube railway there. What was the result? This year that very piece of land has been sold for £2,100—£160 before the railway was opened—before I was there—£2,100 now. My Budget demands 20 per cent. of that.
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About David Lloyd George
David Lloyd George was prime minister of the united kingdom from 1916 to 1922. David Lloyd George, 1st Earl Lloyd-George of Dwyfor 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 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. Read more on Wikipedia →