As Chancellor of the Exchequer in Campbell-Bannerman's 1906 Government, Lloyd George brought in one of the most controversial budgets of the century. He had originally been a supporter of British neutrality, but the German attack on Belgium, which led to the outbreak of the First World War, changed his mind. Lloyd George became a highly successful Minister of Munitions. In 1916 he succeeded Asquith as Prime Minister, leading Britain to victory. This oil sketch was made by Guthrie in preparation for his great commission `Statesmen of the Great War?.