Green’s Dictionary of Slang

1. (UK short-order) Welsh rarebit.

1939

Picture Post Mar. n.p.: [used in J. Lyons' Corner Houses] Lloyd George on a raft: Welsh rarebit on toast.

2. National Assistance, created by the Lloyd George government via the the National Assistance Act (1911).

1977

(con. 1940–50s) Nicholson & Smith Spend, Spend, Spend (1978) 12: I had to have time off because my father only got the ‘Lloyd George’, as we called the National Assistance.