1975 Conservative Party (UK) leadership election cabinet members pledged their support for Heath including Jim Prior, Peter Carrington, Leader in the House of Lords, and Robert Carr, Shadow Chancellor. However Margaret Thatcher opted to stand, with Airey Neave as her campaign manager, as did backbencher Hugh Fraser. Even then many believed that Heath would win easily. Thatcher's support was seen as minimal, with all the Conservative daily newspapers backing Heath (although the weekly "The Spectator" backed Thatcher). As the election went on it became clear that the race was going to be much closer, as Thatcher became the clear candidate to be supported by discontented backbenchers.
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