1903-1904: Herbert Henry Asquith (Liberal minority with supply and confidence from the Irish Parliamentary Party and Labour)
1904-1904: Herbert Henry Asquith (Liberal minority)
Asquith came to office on a groundswell of support from the influx of young, radical Liberal Imperialists allied with the Irish Nationalists and the Labour Party. The situation of 1900-1902, of a divided Unionist Pact and a united Liberal Party was now reversed. Asquith was even more reliant on the beneficence of the other parties than his predecessor, as he could not entirely rely on the loyalty of his own party. Nevertheless, this did not stymie his ambition.
Asquith had been frustrated by his predecessor's seeming lack of ambition, the 'Toryism' of his reforms, the ossified constitutionalism that prevented the passage of a Home Rule Act and heightened tensions and violence in Ireland, and Campbell-Bannerman's failure to challenge it. It was his own ambition to transform the country through radical legislation, and defy the House of Lords in the process that spelled his doom.
Asquith had emerged as a potential leader for the future over ten years before upon attaining the position of Home Secretary in Gladstone's fourth ministry. When the Liberals lost the 1895 election, Asquith had only grown in prominence and over the previous three years since 1900 had enjoyed the powerful position of Chancellor of the Exchequer. It was while he was Chancellor that he crafted his plans for a 'Peoples Budget' that would raise taxes on the wealthy, and the landed, while redistributing that wealth through mechanisms like old age pensions. The plans were radical, though hardly unprecedented considering attempts at Land Reform in Ireland and the social reforms proposed by Conservatives like Arthur Balfour.
The Budget of 1904 was predictably hard fought and Asquith struggled to even pass it in the Commons in the face of disquiet amongst the Whiggish landowners on his own backbenches. Fortunately for him, the IPP backed him up and Labour came out strongly in support, though both hoped to take advantage of Liberal weakness to put their own ideas on the agenda. Unprecedentedly the Budget went on to fail in the Lords, where the Unionist majority, composed wealthy landowners who stood to lose out voted it down. Asquith seemed oddly pleased, as it now gave him the excuse to bring Lords Reform onto the agenda, citing the government's popular mandate to pass the Budget and proposing a reform that would prevent the Lords interfering.
This proved to be a step over the line for Asquith's backbenchers who refused to support his 'Parliament Act'. The loss was humiliating and fully exposed the government's weakness. Without the Parliament Act, Asquith had no power to deliver on any of the promises he had made to the IPP and Labour and they soon abandoned him. The Unionist Pact, seemingly reunited under a new leader in the Commons, soon called a vote of confidence which the government unsurprisingly failed to win. Asquith, lacking the confidence of Parliament or indeed half his party in Parliament, was forced into an ignominous retirement.
Asquith today receives a poor showing in modern estimates of Prime Minister. Partly this is due to his short time in power, but much is concerned with criticism of his own self-destructive ambition. Asquith was to Britain's last Liberal Prime Minister, and at least a portion of the blame for the party's rapid demise lays at his door.