Arthur James Balfour, [[KnightFever 1st Earl of Balfour KG OM PC DL]] was a British Conservative politician and statesman.
He took up the job when Lord Salisbury resigned in July 1902. Salisbury was his uncle, and there were some accusations that Balfour had got started on the political ladder through nepotism, hence the [[StockBritishPhrases Stock British Phrase]] "Bob's Your Uncle" (Salisbury's full name was Robert Gascoyne-Cecil, 3rd Marquess of Salisbury). Practically the first thing Balfour had to do as Prime Minister was the Coronation of Edward VII and deal with the end of the South African War.
And for a while it was all peachy. The Liberal Party was still a mess over what to do in South Africa. His two biggest acts where a new Education Act and Irish Land Purchase Act, letting the Exchequer loan money to Irish tenants to buy land. He also created the Committee on Imperial Defence.
He also presided over a dramatic improvement in relations with France, ending in the Entente Cordiale of 1904, and almost got involved in Russo-Japanese war, although most of this was down to his Foreign Secretary. However, his budget caused dissension and was one of the prime causes of a rift that grew in his party, with his opponents wanting a more protectionist and less welfare focused approach. Eventually he agreed to meet them half way, putting in place equal tariffs against foreign powers when they placed tariffs on British goods.
However, you try and please both sides, you risk annoying both and that is what he did. His authority was slowly drained away and a lot of people jumped ship, including one young [=MP=] known as WinstonChurchill. (Churchill himself would later say "[[TakeThat If you wanted nothing done, Arthur Balfour was the best man for the task. There was no equal to him]]").
In 1905 he resigned as Prime Minister in an attempt to give his successor the chance to form a worthwhile government. This did not happen and the Conservatives suffered a landslide defeat in the 1906 election, in which ArthurBalfour even suffering the indignity of losing his own seat (the only time this has ever happened a the leader of the Tories) in Manchester East. A Conservative MP representing the City of London resigned so that Balfour could return to the House of Commons in the resulting by-election.
In opposition, the Conservatives recovered in the two inconclusive elections in 1910. Although they received more votes, the Liberals narrowly won more seats on both occasions and stayed in power. Following the defeats, Balfour resigned as leader.