Peter Thorneycroft

The Right Honourable The Lord Thorneycroft CH PC
by Walter Stoneman, 1948
Chancellor of the Exchequer
In office 13 January 1957 – 6 January 1958
Prime Minister	Harold Macmillan
Preceded by	Harold Macmillan
Succeeded by	Derick Heathcoat-Amory
Chairman of the Conservative Party
In office 11 February 1975 – 14 September 1981
Leader	Margaret Thatcher
Preceded by	William Whitelaw
Succeeded by	Cecil Parkinson
Secretary of State for Defence[a]
In office 13 July 1962 – 16 October 1964
Prime Minister	Harold Macmillan Alec Douglas-Home
Preceded by	Harold Watkinson
Succeeded by	Denis Healey
Minister of Aviation
In office 27 July 1960 – 13 July 1962
Prime Minister	Harold Macmillan
Preceded by	Duncan Sandys
Succeeded by	Julian Amery
President of the Board of Trade
In office 30 October 1951 – 13 January 1957
Prime Minister	Winston Churchill Anthony Eden
Preceded by	Hartley Shawcross
Succeeded by	David Eccles
Member of the House of Lords Lord Temporal
In office 4 December 1967 – 4 June 1994 Life Peerage
Parliamentary offices Member of Parliament for Monmouth In office 31 October 1945 – 10 March 1966 Preceded by Leslie Pym Succeeded by Donald Anderson Member of Parliament for Stafford In office 9 June 1938 – 15 June 1945 Preceded by William Ormsby-Gore Succeeded by Stephen Swingler Shadow Cabinet positions Shadow Home Secretary In office 4 August 1965 – 13 April 1966 Leader Edward Heath Shadowing Frank Soskice Roy Jenkins Preceded by Edward Boyle Succeeded by Quintin Hogg Shadow Secretary of State for Defence In office 16 October 1964 – 4 August 1965 Leader Alec Douglas-Home Shadowing Denis Healey Preceded by Denis Healey Succeeded by Enoch Powell
Personal details
Born	(1909-07-26)26 July 1909 Dunston, United Kingdom
Died	4 June 1994(1994-06-04) (aged 84) London, United Kingdom
Political party	Conservative
Alma mater	Royal Military Academy, Woolwich City Law School

George Edward Peter Thorneycroft, Baron Thorneycroft, CH, PC (26 July 1909 – 4 June 1994) was a British Conservative Party politician. He served as Chancellor of the Exchequer between 1957 and 1958.

Born in Dunston, Staffordshire, Thorneycroft was the son of Major George Edward Mervyn Thorneycroft and Dorothy Hope Franklyn. He was the grandson of Sir William Franklyn and nephew of Sir Harold Franklyn.^[1] He was educated at Eton and the Royal Military Academy, Woolwich. He was commissioned into the Royal Artillery as a second lieutenant on 29 August 1929 but resigned his commission on 1 July 1931.^[2][3] In 1933, he was called to the bar for the Inner Temple.

He entered Parliament in the 1938 Stafford by-election, for the borough of Stafford. He was re-commissioned into the Royal Artillery in his previous rank on 30 August 1939.^[4] During the Second World War, he served with the Royal Artillery and the general staff. Along with other members of the Tory Reform Committee, Thorneycroft pressed his party to support the Beveridge Report.

He served in the Conservative caretaker Government 1945 as Parliamentary Secretary at the Ministry of War Transport. In the 1945 general election, he lost his seat to his Labour opponent, Stephen Swingler, but he returned in the 1945 Monmouth by-election for Monmouth a few months later.^[5]

Throughout the late 1940s Thorneycroft worked assiduously to refurbish the Conservative Party after its disastrous defeat in the 1945 general election. His opposition to the Anglo-American loan in the Commons earned him a reputation as a parliamentary debater, and when the Conservatives returned to power after the general election of 1951, he was appointed President of the Board of Trade. He was instrumental in persuading the government in 1954 to abandon the party's support for protectionism and accept the General Agreement on Tariffs and Trade.^[6]

Thorneycroft's support for Harold Macmillan in Macmillan's successful 1957 leadership contest for the premiership led to his appointment as Chancellor of the Exchequer,^[7] one of the most senior positions in the government. He resigned in 1958, along with two junior Treasury Ministers, Enoch Powell and Nigel Birch, because of increased government expenditure. Macmillan, himself a former chancellor, made a famous and much-quoted remark that the resignations were merely "little local difficulties". (In reality, Macmillan was deeply concerned about the possible effects of Thorneycroft's resignation.)^{[citation needed]}

In retrospect, Thorneycroft questioned the wisdom of his resignation, saying that "we probably made our stand too early."^{[citation needed]}

Thorneycroft returned to the Cabinet in 1960, when he was appointed Minister of Aviation by Macmillan. In 1962, he was promoted to be Minister of Defence. He retained the post upon Macmillan's replacement by Sir Alec Douglas-Home; then in April 1964 the post was combined with the First Lord of the Admiralty, Secretary of State for War and Secretary of State for Air as the Secretary of State for Defence. At Defence, Thorneycroft played a pivotal role in the Sunda Straits Crisis, first supporting and then opposing the passage of the aircraft carrier HMS Victorious through the Indonesian-claimed Sunda Strait during the height of the Indonesia-Malaysia confrontation in August and September 1964.^[8]

After the Government was defeated in 1964, Thorneycroft first served as Shadow Secretary of State for Defence under Alec Douglas-Home, before being made Shadow Home Secretary by Edward Heath the next year. Thorneycroft lost his seat at the 1966 general election, and was raised to the peerage as a life peer as Baron Thorneycroft, of Dunston in the County of Stafford on 4 December 1967.^[9]

Thorneycroft was a strong supporter of Margaret Thatcher's monetarist policies and she made him Chairman of the Conservative Party in 1975, succeeding his third cousin Willie Whitelaw. He held the position until 1981.

He was notable as an amateur watercolourist and held exhibitions. Winston Churchill, when told of Thorneycroft's interest, had said, "Every minister must have his vice. Painting shall be yours".^[5]

He was appointed to the Order of the Companions of Honour as a Member (CH) in the 1980 New Year Honours.^[10] During his time as M.P. for Monmouth, Thorneycroft lived at Machen House, in the hamlet of Lower Machen, to the west of the City of Newport.^[11]

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His grandfather was the Victorian Colonel Thomas Thorneycroft, a Wolverhampton industrialist, eccentric, landowner and well-known Conservative; he was asked to stand for election by Benjamin Disraeli. Colonel Thorneycroft owned or leased various houses in Staffordshire and Shropshire including Tettenhall Towers and Tong Castle.

His great-grandfather was George Benjamin Thorneycroft, an ironfounder, JP, Deputy Lord Lieutenant of Staffordshire and first Mayor of Wolverhampton. His grandfather's cousin was John Isaac Thorneycroft who founded Vosper Thorneycroft. Siegfried Sassoon and novelist Ellen Thorneycroft Fowler were Peter Thorneycroft's second cousins, while William Whitelaw was his third. His great uncle was Lord Wolverhampton.

After Thorneycroft's first marriage, to Sheila Wells Page, and divorce, he married Carla, Contessa Roberti (later known as Lady Thorneycroft, DBE) in 1949. He had a son by his first wife and a daughter by his second wife.

• Craig, F.W.S. (1983) [1969]. British parliamentary election results 1918–1949 (3rd ed.). Chichester: Parliamentary Research Services. ISBN 0-900178-06-X.
• Dell, Edmund. The Chancellors: A History of the Chancellors of the Exchequer, 1945-90 (HarperCollins, 1997) pp 223–41, covers his term as Chancellor.
• Leigh Rayment's Peerage Pages
• Leigh Rayment's Historical List of MPs
• The Times, 6 June 1994 (obit)
• The Daily Telegraph, 6 June 1994 (obit)

• Hansard 1803–2005: contributions in Parliament by Peter Thorneycroft
• Brief biography and list of Thorneycroft documents held at Southampton University
• Review of Peter Thorneycroft biography by Stanley Crooks at Southampton University, October 2007
• Publisher's blurb for the Crooks biography of Thorneycroft
• Two portraits of Peter Thorneycroft at the National Portrait Gallery, one being a photograph by Cecil Beaton

Parliament of the United Kingdom
Preceded by William Ormsby-Gore	Member of Parliament for Stafford 1938–1945	Succeeded by Stephen Swingler
Preceded by Leslie Pym	Member of Parliament for Monmouth 1945–1966	Succeeded by Donald Anderson
Political offices
Preceded by Hartley Shawcross	President of the Board of Trade 1951–1957	Succeeded by David Eccles
Preceded by Harold Macmillan	Chancellor of the Exchequer 1957–1958	Succeeded by Derick Heathcoat-Amory
Preceded by Duncan Sandys	Minister of Aviation 1960–1962	Succeeded by Julian Amery
Preceded by Harold Watkinson	Secretary of State for Defence 1962–1964	Succeeded by Denis Healey
Preceded by Denis Healey	Shadow Secretary of State for Defence 1964–1965	Succeeded by Enoch Powell
Preceded by Edward Boyle	Shadow Home Secretary 1965–1966	Succeeded by Quintin Hogg
Party political offices
Preceded by Willie Whitelaw	Chair of the Conservative Party 1975–1981	Succeeded by Cecil Parkinson