Tory! Tory! Tory! as it prevented Powell from taking control of the party. Heath had attempted to reduce the power of the trade unions but was eventually beaten by the strikers. Following the February 1974 election defeat former Health Minister Keith Joseph turned against Heath and his neo-Keynesian policies to become a champion of free market economics but lost his position and influence after his controversial "human stock" speech. Joseph's close friend and ally, Margaret Thatcher, put herself forward as the free market candidate in the subsequent leadership election and won a surprising victory. Jay met with Thatcher at a dinner where he
1975 Conservative Party (UK) leadership election with the 1922 Committee that there would be a review of the rules for leadership elections and subsequently he would put himself up for re-election. A review was conducted under the auspices of Heath's predecessor Sir Alec Douglas-Home. Two recommendations were made, though neither was to make a difference in 1975 (although they would prove crucial in future years). The leader would henceforth be elected annually, whether the party was in opposition or government, in the period following a Queen's Speech, though in most years this would prove a formality. Also on the first round the requirement for a victorious