No More Champagne


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The untold story of Winston Churchill's precarious finances.

About the Author

David Lough studied history at Oxford under Richard Cobb and Theodore Zeldin, gaining a First. After a career in financial markets, he founded a business that advises families on investments, tax affairs and inheritance planning.


The little known and sometime heroic saga of Churchill's struggle to achieve liquidity... [Lough] is a courteous guide, whose knowledge of the arcane world of investment enables him to explain what went wrong and how the Churchills managed to scrape through... a fascinating read'
*The Times*

You can learn a lot about someone from the state of their bank balance, as David Lough discovers in this riveting examination of Churchill's finances
*Daily Mail*

Plenty of eye-opening detail... Churchill buffs and economic historians will find valuable insights in the light Lough sheds upon the man and his times'
*Financial Times*

This excellent and entertaining work is worth reading
*Prospect Magazine*

Tells the tale of Churchill the adventurer and gambler elegantly. And for a financial biography, Mr Lough's is a surprising page-turner

Astonishing revelations... Churchill as financial risk-taker, spend-thrift, debtor, reckless gambler. This book makes you wholly rethink the perceived wisdom about the icon'
*William Boyd, The Guardian*

The first book that focuses on his (mainly losing) battle against borrowing... the detail is excellent'
*The Times (2015 Books of the Year)*

Lough has painstakingly trawled the archives... Lough is excellent on Churchill's getting and spending... drawing political inferences from these personal matters'
*Literary Review*

Intriguing... Lough knows where the receipts are buried and reveals them with great relish'
*Oxford Times.*

The eighty pages of reference notes are testimony to David Lough's resourcefulness and persistence in research, exposing the lineaments of this personal story with an ultimately telling impact

A fascinating and fresh study of the man'
*Spear's Magazine*

The most original and surprising book about Churchill
*The Week*

A remarkable story of flamboyant improvidence
*Daily Mail*

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