The position of the Liberal Party was transformed almost overnight, and the future of British politics completely altered in October 1923, when Baldwin decided to lead his party into a tariff election. The motives behind Baldwin’s decision, and the chronology of events that led to a December election, have now been fairly well establishèd.1 There is still no substantive evidence to support the view that Baldwin feared Lloyd George was about to launch his own campaign for Preference, although the latest biography of Baldwin still repeats the story.2 What is clear is that, in Protection, Baldwin saw an issue that would separate for ever the Coalition Conservatives from the Free Trade Coalition Liberals.
KeywordsFiscal Policy Liberal Party Tariff Revenue Tariff Election Sunday Time
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