Prime Minister of the United Kingdom retirement from the Commons, which elevates the individual to the House of Lords. Formerly, the peerage bestowed was usually an earldom, with Churchill offered a dukedom. From the 1960s onward, life peerages were preferred, although in 1984 Harold Macmillan was created Earl of Stockton. Sir Alec Douglas-Home, Harold Wilson, James Callaghan and Margaret Thatcher accepted life peerages, although Douglas-Home had previously disclaimed his hereditary title as Earl of Home. Edward Heath did not accept a peerage of any kind and nor have any of the Prime Ministers to retire since 1990; although Heath and Major were later appointed as Knights
Canada's Next Great Prime Minister received a $50,000 cash award and 6 month internship with Magna. Second, third and fourth place contestants each receive a cheque for $5,000 from Magna. The televised contest, which debuted in February 2006, is the evolution of the As Prime Minister Awards essay contest, which provided a national forum for the innovative ideas of Canadian college and university students. The original "As Prime Minister Awards" essay contest was first founded in 1995 by Magna International Inc. Chairman Frank Stronach. Canadian college and university students were asked to submit a 2,500-word essay on what they would do as Prime Minister of