Page "Benjamin Disraeli" Paragraph 31

Russell resumed office, but resigned again in early 1852 when a combination of the protectionists and Lord Palmerston defeated him on a Militia Bill.

This time Lord Derby ( as he had become ) took office, and to general surprise appointed Disraeli Chancellor of the Exchequer.

Disraeli had offered to stand aside as leader in the House of Commons in favour of Palmerston, but the latter declined.