“1925, the Chancellor of the Exchequer leaves No. 11 Downing Street to introduce his first Budget … Mr Churchill with his ‘Shilling Smile'” (BRDW 1/2/99)

Full length photograph of WSC standing in the doorway of 11 Downing Street, London, looking away from the camera and smiling, while dressed in an overcoat and top hat, and carrying a despatch box in one hand and his cane in the other, a smoking cigar between his fingers. The caption also notes that WSC’s Budget “was notable for its reduction in Income Tax, equal to one shilling in the pound”.

28 Apr 1925