Read it through once

A general election followed in which the Liberals swept the great towns of the country--excluding London and Birmingham--and came back with the largest majority in modern English history; the total of the Labour, Home Rule, Liberal and Radical majority being 376 over the supporters of Tariff Reform. The result, however, evoked on February 14, 1906, a declaration from Mr. Balfour in favour of "a moderate general tariff on manufactured goods and the imposition of a small duty on Foreign corn," and this united the Conservative or Unionist party with the exception of about sixteen Free-trade members who still followed the Duke of Devonshire. The rise of the Labour Party began at this election; the serious illness of Mr. Chamberlain followed and hampered Conservative work and progress; the retirement of the Premier took place early in 1908 and, on April of that year, the King called on Mr. Asquith to form the Ministry which carried its election in 1910 by so small a Liberal majority. The reconstruction of 1908 was notable for the rise or promotion of the fighting, aggressive, youthful elements in the new Liberalism--men like David Lloyd-George, Winston Churchill and Reginald McKenna. There followed the establishment of Old-Age Pensions at an initial expenditure of $40,000,000 a year; the prolonged and ultimately successful struggle to increase the taxation upon landed interests, property, and invested income by means of the much-discussed Budget of 1909; the natural resentment of the Lords, the Conservatives, and many who were neither--as illustrated in the subsequent wiping out of the Liberal majority in England itself; the constitutional issue which the Liberals so cleverly forced to the front with the House of Lords as their chief antagonists and which relegated Tariff Reform temporarily to the background; the prolonged period in which King Edward took minute and anxious and personal interest in the question.