The Financial Affairs of David Lloyd George

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  • Description

‘[an] important and pioneering study ... central to an understanding of Lloyd George's life. Compelling and engrossing [and] deftly welded into a cohesive, absorbing account.

Dr. J. Graham Jones, from the Foreword


1. 1863–1888: A Lawyer in the Making

2. 1888–1904: The New Member of Parliament, Gold and Boers

3. 1905–1916: The Marconi Share Scandal and the Premiership

4. 1916–1922: New Sources of Income

5. 1923–1930: The mysterious Lloyd George Fund

6. 1931–1945: Finances in Retirement

7. 1888–1972: Frances

Appendix 1 - Comparative Money Values

Appendix 2 - Lloyd George’s Life Assurance Particulars

Appendix 3 - The Lloyd George Family Meeting in 1926 - Summary

Appendix 4 - Dame Margaret Lloyd George financial background

Appendix 5 - Lloyd George's 1943 Will and (1944) Beneficiaries

Appendix 6 - Churt Estate (Jumps) Valuation Details of 1935 Including Map and Rented Tenancies

Appendix 7 - Inland Revenue District Valuers' Letter of 13 July 1945 and List of Estate Properties and Certain Household Furnishing Values at Bron-y-De, July 1945

Appendix 8 - Copy of Letter from Former Land Girl at the Churt Estate, Mrs. Gwynne Chuter.


David Lloyd George was a immensely colourful, controversial and enigmatic character who dominated the political life of Britain in the opening decades of the twentieth century.


Famously described by Churchill as 'the greatest Welshman that unconquerable race has produced since the age of the Tudors’, Lloyd George’s political legacy is considerable and includes the introduction of the ‘welfare state’ whilst as Chancellor of the Exchequer, and as an effective and successful Prime Minister during the Great War. He was also, however, implicated in a number of personal scandals relating to his great duel loves: women and money.


The Financial Affairs of David Lloyd George is the first serious and systematic study to examine, assess and analyse Lloyd George’s attitude to money and finance and compellingly illustrates how he accumulated great wealth by fair and more questionable methods.


The product of many years of forensic, financial research, author Ian Ivatt tells the intriguing story of how the man, who started work at 15 as a trainee solicitor's clerk in Porthmadog - on a salary of a mere 15 shillings (£40) - died in 1945 leaving an estate valued at £139,855 (£6.5 million).


Ian Ivatt is a retired tax accountant. His articles on the Liberal Party have been published in the Journal of Liberal History.