Rise of Neville Chamberlain Chamberlain demanded that Mosley retract the claim "as a gentleman". Mosley, whom Baldwin described as "a cad and a wrong 'un", refused to retract the allegation. It took several recounts before Chamberlain was declared the winner by 77 votes and Mosley blamed poor weather for the result. Chamberlain had not wanted to desert Ladywood, but now deemed the seat impossible to hold and was adopted for Birmingham Edgbaston for the next election (held in 1929), at which Ladywood fell to Labour by eleven votes. The Unionists won the 1924 election, their last under that name. Baldwin formed a new government,
Neville Chamberlain quickly by keeping economic pressure on Germany through a blockade while continuing rearmament. Chamberlain was reluctant to go too far in altering the British economy. The government submitted an emergency war budget about which Chamberlain stated, "the only thing that matters is to win the war, though we may go bankrupt in the process". Government expenditures rose by little more than the rate of inflation between September 1939 and March 1940. Despite these difficulties, Chamberlain still enjoyed approval ratings as high as 68% and almost 60% in April 1940. In early 1940 the Allies approved a naval campaign that was