When the Tories lose their majority in Parliament, Winston loses his spot in the cabinet. Deciding to take the opportunity to feather his nest he goes to America on a speaking tour and invests the proceeds in a a pre-crash stock market.

Churchill asks the House to institute a committee to investigate the interference with evidence on the India question. But committee members Ramsay McDonald, Sir Louis Kershaw and Clement Attlee are unable to conclude that there's been any wrongdoing. The findings of the committee further damage Churchill's standing in the house.