Complex sentence: It was created in 1945 for the celebrated Liberal parliamentarian David Lloyd George who served as Chancellor of the Exchequer from 1908 to 1915 and Prime Minister of the United Kingdom from 1916 to 1922.
Split into simpler sentences: It was created in 1945 for the famous Liberal parliamentarian David Lloyd George. He served as Chancellor of the Exchequer from 1908 to 1915 and Prime Minister of the United Kingdom from 1916 to 1922.