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
2001 Conservative Party (UK) leadership election 2001 Conservative Party (UK) leadership election The 2001 Conservative Party leadership election was held after the British Conservative Party failed to make inroads into the Labour government's lead in the 2001 general election. Party leader William Hague resigned, and a leadership contest was called under new rules Hague had introduced. Five candidates stepped forward: Michael Ancram, David Davis, Kenneth Clarke, Iain Duncan Smith and Michael Portillo. Ancram stood declaring that none of the other candidates were close to his form of Conservatism, as well as arguing that he was best placed to unite the party. As the party chairman for