The Parliament Act 1911 (1 & 2 Geo. 5 c. 13) is an Act of the Parliament of the United Kingdom. It is constitutionally important and partly governs the relationship between the House of Commons and the House of Lords, the two Houses of Parliament. The Parliament Act 1949 provides that the Parliament Act 1911 and the Parliament Act 1949 are to be construed together "as one" in their effects and that the two Acts may be cited together as the Parliament Acts 1911 and 1949. Following the House of Lords' rejection of the 1909 "People's Budget", the House of Commons sought to establish its formal dominance over the House of Lords, which had broken convention in opposing the bill. The budget was eventually passed by the Lords, after the Commons' democratic mandate was confirmed by holding a general election in January 1910. The following Parliament Act, which looked to prevent a recurrence of the budget problems, was also widely opposed in the House of Lords, and cross-party discussion failed, particularly because of the proposed Act's applicability to the passage of an Irish Home Rule Bill. Following a second general election in December, the Act was passed with the assent of the monarch, George V, after the House of Lords conceded due to the Government's threat that the Conservative majority in the Lords could be overcome by creating many new peers. The Act effectively removed the right of the House of Lords to veto money bills completely, and replaced its right of veto over other public bills with the ability to delay them for a maximum of two years (the Parliament Act 1949 reduced this to one). It also reduced the maximum term of a parliament from seven years (as set by the Septennial Act 1716) to five. Background Until the Parliament Act 1911, there was no way to resolve disagreements between the two houses of Parliament except through the creation of additional peers by the monarch. Queen Anne had created twelve Tory peers to vote through the Treaty of Utrecht in 1713. The Reform Act 1832 had been passed when the House of Lords dropped their opposition to it: King William IV had threatened to create eighty new peers by request of the prime minister, Earl Grey. This created an informal convention that the Lords would give way when the public was behind the House of Commons. For example,