 It was the prevailing wisdom that the House of Lords could not amend money bills , since only the House of Commons had the right to decide upon the resources the Monarch could call upon . This did not , however , despite the apparent contradiction , prevent it from rejecting such bills outright . In 1860 , with the repeal of the paper duties , all money bills were consolidated into a single budget . This denied the Lords the ability to reject individual components and the prospect of voting down the entire budget was seemingly <unk> . It was only in 1909 that this became a possibility . Until the Act , the Lords had equal rights over legislation compared to the Commons , but did not <unk> its right of veto over financial measures by convention . 
