Wilson Retires 1976.
- It came as a surprise when Wilson announced his retirement in March 1976, only two years into the new government.
- Many thought they smelt scandal, and there have been all sorts of conspiracy stories since. Some thought he wanted to get out before the economic situation got really bad.
- The most probable reason is however, that he wanted to keep to an earlier promise he had made to retire from politics at 60
- His health was also failing, and his appetite for the political battles and intrigue was waning.
- He was replaced as leader if the Labour Party and as PM by James Callaghan, who easily beat off the challenge from Michael Foot.