1990 Conservative Party (UK) leadership election only to lose it again at the 2017 general election. 1990 Conservative Party (UK) leadership election The 1990 Conservative Party leadership election in the United Kingdom took place on 20 November 1990 following the decision of Michael Heseltine, former Defence and Environment Secretary, to challenge Margaret Thatcher, the incumbent Prime Minister, for leadership of the Conservative Party. Thatcher failed to win outright under the terms of the election in the first ballot, and was persuaded to withdraw from the second round of voting. She announced her resignation on the morning of 22 November 1990, ending more than 15 years as
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