After the Conservative government of Arthur Balfour fell in December 1905 there was some speculation that Asquith and his allies Richard Haldane and Sir Edward Grey would refuse to serve unless Campbell-Bannerman accepted a peerage, which would have left Asquith as the real leader in the House of Commons.

After the Conservative government of Arthur Balfour fell in December 1905 there was some speculation that Herbert Henry Asquith and his allies Haldane and Sir Edward Grey would refuse to serve unless Campbell-Bannerman accepted a peerage, which would have left Asquith as the real leader in the House of Commons.

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