No More Champagne: Churchill and His Money with David Lough

Winston Churchill lived most of his life on the edge of a financial cliff. While his popular image featured cigars and champagne, behind the scenes his friends and family worked to ensure his financial problems did not overshadow his political career. No More Champagne: Churchill and His Money reveals the breathtaking scale of Churchill’s personal risk-taking and his ability to talk or write himself out of difficult situations, linking the private man with the public figure.

NTSUSA is partnering with The Royal Oak Foundation on a series of lectures by British historian David Lough this October. Lough is the author of No More Champagne, the first full narrative of Churchill’s precarious personal finances. For his book, Lough used Churchill’s own private records, many never before researched, to chronicle his family’s chronic shortage of money, his own extravagance, and his recurring losses from gambling.

Winston Churchill is one of the world’s most iconic figures, and David has used the experience and insights gained in his own private banking career to reveal and illuminate the untold story of Churchill’s difficult financial position. David’s insider analysis holds a particular relevance for today’s audiences, at a time when politics and business are increasingly interconnected. – Kirstin Bridier, executive director of NTSUSA

Lecture Schedule and Reservations

About David Lough

David Lough, who studied history at Oxford, began his career in financial markets in the UK and Asia. He then founded a private banking business, Heartwood, advising prominent British families. David retired as chief executive of Heartwood in 2008 and has returned to history. His articles have appeared in newspapers and magazines on both sides of the Atlantic. He is a member of the UK’s Biographers’ Club and of the Society of Authors; a trustee of the London Library and member of its Founder’s Circle; a member of the advisory board of BlackRock’s philanthropy funds in London, of the Garrick Club and of the City of London’s Worshipful Company of Haberdashers.

Lecture Schedule


Tuesday, October 17 | 6:00pm

New England Historic Genealogical Society, 99 – 101 Newbury Street, Boston



Friday, October 13 | 7:00pm

Nantucket Atheneum, 1 India St, Nantucket

Registration not required.

Nantucket Atheneum

New York City

Thursday, October 12 |6:15pm

General Society of Mechanics and Tradesmen, 20 West 44th Street, NYC




Monday, October 16 | 6:30pm

Union League of Philadelphia, 140 S Broad Street


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