Complex sentence: Churchill later regarded this as the greatest mistake of his life; in discussions at the time with former Chancellor Reginald McKenna, Churchill acknowledged that the return to the gold standard and the resulting'dear money' policy was economically bad.
Split into simpler sentences: Churchill later regarded this as the greatest mistake of his life. However in discussions at the time with former Chancellor Reginald McKenna, Churchill acknowledged that the return to the gold standard and the resulting'dear money' policy was economically bad.