ABSTRACT
With the fall of the Lloyd George Coalition in October, 1922, Winston Churchill lost both his seat in the Cabinet, as Secretary of State for the Colonies, and his seat in Parliament, as member for Dundee. At the next General Election, held in October, 1924, Churchill left the Liberal Party, and stood for the London suburb of Epping, as an independent ‘Constitutionalist’ candidate, with the full support of the Conservatives. To the surprise of many, after his victory at the polls, Churchill was rewarded by Prime Minister Baldwin with one of the most senior offices in the Cabinet – one which he had coveted in 1921 – the Chancellorship of the Exchequer. He was to keep this post for the next five years.
