Masterman had worked closely with Lloyd George on the People's Budget of 1909 and the National Insurance Act 1911. Isaacs, later the 1st Marquess of Reading, was Lord Chief Justice of England, Viceroy of India, and Foreign Secretary, the last Liberal to hold that post. The second practising Jew to be a member of the British cabinet (the first being Herbert Samuel, Isaacs was the first Jewish Lord Chief Justice, and the first British Jew to become a marquess. He was Leader of the Liberal Party in the House of Lords from 1931 to 1935.
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