Labour government, 1974–1979
In March 1976, having just turned sixty years old, Wilson resigned as Prime Minister, ending his leadership of the Labour Party after thirteen years, and a total of nearly eight years as Prime Minister. He was replaced by James Callaghan, who had held senior government positions during both of Wilson's ministries, and had served as a Shadow Cabinet member in the early-1960s.
History of the United Kingdom
After the relative prosperity of the 1950s and 1960s, the UK experienced extreme industrial strife and stagflation through the 1970s following a global economic downturn; Labour had returned to government in 1964 under Harold Wilson to end 13 years of Conservative rule. The Conservatives were restored to government in 1970 under Edward Heath, who failed to halt the country's economic decline and was ousted in 1974 as Labour returned to power under Harold Wilson. The economic crisis deepened following Wilson's return and things fared little better under his successor James Callaghan.