The last British Liberal Party government (led by H. H. Asquith) falls.

The Liberal Party was one of the two major political parties in the United Kingdom, along with the Conservative Party, in the 19th and early 20th centuries. Beginning as an alliance of Whigs, free trade–supporting Peelites, and reformist Radicals in the 1850s, by the end of the 19th century, it had formed four governments under William Ewart Gladstone. Despite being divided over the issue of Irish Home Rule, the party returned to government in 1905 and won a landslide victory in the 1906 general election. Under prime ministers Henry Campbell-Bannerman (1905–1908) and H. H. Asquith (1908–1916), the Liberal Party passed reforms that created a basic welfare state. Although Asquith was the party leader, its dominant figure was David Lloyd George.

Herbert Henry Asquith, 1st Earl of Oxford and Asquith, known professionally as H. H. Asquith, was a British statesman and Liberal politician who was Prime Minister of the United Kingdom from 1908 to 1916. He was the last prime minister from the Liberal Party to command a majority government, and the most recent Liberal to have served as Leader of the Opposition. He played a major role in the design and passage of major liberal legislation and a reduction of the power of the House of Lords. In August 1914 Asquith took the United Kingdom of Great Britain and Ireland and the British Empire into the First World War. During 1915 his government was vigorously attacked for a shortage of munitions and the failure of the Gallipoli Campaign. He formed a coalition government with other parties, but failed to satisfy critics, was forced to resign in December 1916 and never regained power.