Harold Wilson imprisoned for fraud, and Sir Eric Miller, who later committed suicide while under police investigation for corruption. The Labour Party held an election to replace Wilson as leader of the Party (and therefore Prime Minister). Six candidates stood in the first ballot; in order of votes they were: Michael Foot, James Callaghan, Roy Jenkins, Tony Benn, Denis Healey and Anthony Crosland. In the third ballot on 5 April, Callaghan defeated Foot in a parliamentary vote of 176 to 137, thus becoming Wilson's successor as Prime Minister and leader of the Labour Party, and he continued to serve as Prime Minister
Harold Wilson economics dons and wartime civil servants, convened to advise Prime Minister Attlee on financial matters. The others were Douglas Jay (Economic Secretary to the Treasury) and Hugh Gaitskell (Minister of Fuel and Power), both of whom soon grew to distrust him. Jay wrote of Wilson's role in the debates over whether or not to devalue sterling that “he changed sides three times within eight days and finished up facing both ways”. Wilson was given the task during his Swiss holiday of taking a letter to Cripps informing him of the decision to devalue, to which Cripps had been opposed. Wilson