Lord Randolph Churchill resigns from his office of Chancellor of the Exchequer, triggered by the faltering support of other cabinet members for his budget that called for army and naval economies.
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Citation: Editors, Litencyc. "Lord Randolph Churchill resigns". The Literary Encyclopedia. First published 30 December 2011 [https://www.litencyc.com/php/stopics.php?rec=true&UID=18953, accessed 28 March 2024.]