Edward Heath the Liberal Party. Despite losing a second general election in October that year, he vowed to continue as leader of his party. In February 1975, Margaret Thatcher challenged and defeated him to win the leadership. Returning to the backbenches, Heath became an active critic of Thatcher's leadership. He remained a backbench MP until retiring at the 2001 election, serving as the Father of the House for his last nine years in Parliament. Outside politics, Heath was a world-class yachtsman and a talented musician. He died in 2005, aged 89. He is one of only four British prime ministers never to
Edward Heath Trade and Secretary of State for Industry, Trade and Regional Development, and oversaw the abolition of retail price maintenance. After the Conservative Party lost the general election of 1964, the defeated Home changed the party leadership rules to allow for a ballot by MPs, and then resigned. The following year, Heath—who was Shadow Chancellor at the time, and had recently won favourable publicity for leading the fight against Labour's Finance Bill—unexpectedly won the party's leadership contest, gaining 150 votes to Reginald Maudling's 133 and Enoch Powell's 15. Heath became the Conservatives' youngest leader and retained office after the party's defeat