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
Prime Minister's Resignation Honours Prime Minister's Resignation Honours The Prime Minister's Resignation Honours in the United Kingdom are honours granted at the behest of an outgoing Prime Minister following his or her resignation. In such a list, a prime minister may ask the monarch to bestow peerages, or lesser honours, on any number of people of his or her choosing. For example, in the 1997 Prime Minister's Resignation Honours, an additional 47 working peers were created at the behest of the three main parties. Since May 2007, the House of Lords Appointments Commission has had to approve proposed peerages, while oversight by the Honours