History of the Conservative Party (UK) holding a leadership election to allow him to renew his mandate. In spite of his track record as Conservative party leader, which had included defeat at three out of four general elections, few both inside and out of the party expected him to be seriously challenged, let alone defeated. However, Margaret Thatcher stood against Heath and in a shock result outpolled him on the first ballot, leading him to withdraw from the contest. Thatcher then faced off four other candidates to become the first woman to lead a major British political party. Thatcher had much support from the monetarists, led
British Columbia Conservative Party who was now in the anti-coalition faction, quit the party and crossed the floor to sit as a Social Credit League of British Columbia member and eventually formed the British Columbia Social Credit Party. In October 1951, the Liberal Party decided to dissolve the coalition; Premier Johnson dismissed his Conservative ministers including Anscomb and continued as a minority government. The Conservatives refounded their party calling themselves the "Progressive Conservatives" as the federal party had adopted the "Progressive" prefix in 1942. W. A. C. Bennett, a Member of the Legislative Assembly (MLA), ran for the leadership of the Tories and lost.