[applause] mr. lough: thank you very much, rob, and thank you to the international churchill society, as i must learn to call it again, for inviting me here this afternoon. there has been a lot of talk about this being the final session, so those of you who have come to it, thank you very much. i think we will keep it quite light, it being the final session. we have been here a long time today already. fortunately, this is a subject that i think has to be taken quite lightly. although i guess churchill never took it that lightly himself. he said he hated -- money was the only thing that worried him in life. he hated business affairs. and if you read -- speaking for themselves -- the collection of his letters to clementine, money is a worry throughout his life, almost up to the end, when he -- when it probably did not need to be, but it was. it was never quite so that as my title "no more champagne" might imply. it was of course a publishers title. i want to reassure you, i don't think there was ever no mo

a retired banker and historian, mr. lough argues the former prime minister would borrow heavily from his friends and family to maintain his lifestyle and was often living on the edge of financial ruin. this is about an hour.