In December 1954, it was announced that the London County Council would be seeking a Compulsory purchase order for Price's home in Forest Hill for a new housing scheme. Price was critical of the way trade unions operated, claiming in a speech in February 1956 that a majority of workers in the country were forcing inefficient working methods on management. In April that year, he had the idea for forming a "Middle Class Alliance", which was quickly established. He declared the aim of the Alliance was not selfish but "to preserve the middle classes for the service of the nation". Price's term as Chairman of the Alliance came to an abrupt end in early 1957 when he offered his resignation after a split; two executive members who were supporters of the Liberal Party had been planning a breakaway. On 18 March, the Alliance was formally dissolved. He spent a great deal of time in the late 1950s opposing the Rent Act 1957. "Indifferent health" forced Price to announce in July 1961 that he would not be a candidate at the next general election. He was appointed a Commander of the Order of the British Empire in 1962. Late in his Parliamentary career, he attempted to amend the London Government Bill to stop the merger of Lewisham with Deptford to create the London Borough of Lewisham. He rebelled against the whip on the abolition of resale price maintenance in 1964. He became Managing Director of Grove Paper Company Ltd. after leaving Parliament in 1964.