Gaitskellism
Wilson went on to become Prime Minister in the 1964 election, holding the position from 1964 to 1970 and from 1974 to 1976. Despite being a former Bevanite, Wilson largely followed Gaitskellite economic policies, and the former Gaitskellite Callaghan followed Wilson as Prime Minister from 1976 to 1979 and Party Leader from 1976 to 1980.
James Wilson (businessman)
Wilson entered the House of Commons as Liberal Member of Parliament for Westbury, Wiltshire, in 1847. Because of his economic experience, prime minister Lord John Russell appointed him Secretary of the Board of Control (which ran the affairs of India) in 1848, a post he held until the government fell in 1852. He then served as Financial Secretary to the Treasury between 1853 and 1858, firstly in Lord Aberdeen's coalition government and secondly in Lord Palmerston's first administration. In 1857 he was returned to Parliament for Devonport. He again briefly held office under Palmerston as Paymaster-General and Vice-President of the Board of Trade between June and August 1859 and was sworn of the Privy Council the same year.