Prime Minister of the United Kingdom retirement from the Commons, which elevates the individual to the House of Lords. Formerly, the peerage bestowed was usually an earldom, with Churchill offered a dukedom. From the 1960s onward, life peerages were preferred, although in 1984 Harold Macmillan was created Earl of Stockton. Sir Alec Douglas-Home, Harold Wilson, James Callaghan and Margaret Thatcher accepted life peerages, although Douglas-Home had previously disclaimed his hereditary title as Earl of Home. Edward Heath did not accept a peerage of any kind and nor have any of the Prime Ministers to retire since 1990; although Heath and Major were later appointed as Knights
Malaysian economic policy under Prime Minister Najib Malaysian economic policy under Prime Minister Najib Malaysian economic policy under Prime Minister Najib marks a significant shift away from the state-oriented economic programmes of past governments. On 2 May 2009, Prime Minister Najib Tun Razak announced the government's plan to develop a new economic model that will speed Malaysia's transition to a high income country. The plan will emphasise ways to increase the income and productivity of workers by encouraging knowledge industries and increasing investment from overseas. The goal of the NEM, according to Najib, is to "transform the Malaysian economy to become one with high incomes and quality