Peter Walker, Baron Walker of Worcester, PC (born 1932), was Conservative MP for Worcester between March 1961 and April 1992, and the founder of the Tory Reform Group. He was a close ally of Edward Heath, and refused to serve in Margaret Thatcher's Shadow Cabinet because he objected to her social and economic policies. A privy council is a body that advises the head of state of a nation, especially in a monarchy. ... Conservatism or political conservatism is any of several historically related political philosophies or political ideologies. ... The city of Worcester (pronounced ) is the county town of Worcestershire in England; the river Severn runs through the middle, with the citys large Worcester Cathedral overlooking the river. ... The Tory Reform Group (TRG) is a group within the United Kingdoms Conservative Party, that uphold the One Nation Tory vision, which they describe as being the promotion of: Social justice Political progress Prosperity for all It is a common misconception that the TRG is pro-European. ... The Right Honourable Sir Edward (Ted) Richard George Heath, KG, MBE (9 July 1916 – 17 July 2005), soldier and politician, was Prime Minister of the United Kingdom from 1970 to 1974 and leader of the Conservative Party from 1965 to 1975. ... The Right Honourable Margaret Hilda Thatcher, Baroness Thatcher, LG, OM, PC, FRS (born October 13, 1925), is a British stateswoman and was the Prime Minister of the United Kingdom from 1979 to 1990, and the only woman to date to hold the former position. ... The Shadow Cabinet (also called the Opposition Front Bench) is a senior group of opposition spokespeople in the Westminster System of government who together under the leadership of the Leader of the Opposition (or the leader of other smaller opposition parties) form an alternative cabinet to the governments, whose...

He rose very quickly through the ranks of the Conservative Party, and entered the Shadow Cabinet in 1965, and served as Minister of Housing and Local Government (1970), Secretary of State for the Environment (1970-72), President of the Board of Trade (1972-74), Minister of Agriculture, Fisheries and Food (1979-83), Secretary of State for Energy (1983-87) and Secretary of State for Wales (1987-90). The Secretary of State for the Environment was a UK cabinet position. ... The President of the Board of Trade the title of a cabinet position in the United Kingdom government. ... The Minister of Agriculture, Fisheries and Food was a UK cabinet position, responsible for the Ministry of Agriculture, Fisheries and Food. ... The Secretary of State for Energy was a UK cabinet position from 1974 to 1992. ... The post of Secretary of State for Wales came into existence in October of 1964, the first incumbent being Jim Griffiths, MP for Llanelli. ...

Like Edward Heath, he is a Pro-European Conservative and is a Patron of the Tory Reform Group. Upon his retirement from Parliament in 1992, he was appointed a Life Peer, as Lord Walker of Worcester. The Right Honourable Sir Edward (Ted) Richard George Heath, KG, MBE (9 July 1916 – 17 July 2005), soldier and politician, was Prime Minister of the United Kingdom from 1970 to 1974 and leader of the Conservative Party from 1965 to 1975. ... Pro-European is a subjective term applied to a person who supports the European Union (EU) and/or further European integration, specifically in the context of political argument over the current and future status of the EU and its policies. ... Conservatism or political conservatism is any of several historically related political philosophies or political ideologies. ... The Tory Reform Group (TRG) is a group within the United Kingdoms Conservative Party, that uphold the One Nation Tory vision, which they describe as being the promotion of: Social justice Political progress Prosperity for all It is a common misconception that the TRG is pro-European. ... In the United Kingdom, Life Peers are appointed members of the Peerage whose titles may not be inherited (those whose titles are inheritable are known as hereditary peers). ...

During the 1960s he was the junior partner in Slater Walker, an asset-stripping vehicle used by Jim Slater to generate immense paper profits until 1973. An ill-timed attempt to take over Hill Samuel resulted in the loss of city confidence in Slater Walker and Jim Slater became for a time a "minus millionaire". Peter Walker's political career survived and after retirement from politics he returned to the City as Chairman of Kleinwort Benson. A corporate raid is a business term, sometimes also referred to as breaking a company. ... Jim Slater was an accountant for Leyland Motors who became famous for writing an investment column in The Sunday Telegraph under the nom de plume of The Capitalist, where he described his own portfolio. ... The City of London is a small area in Greater London. ... Kleinwort Benson was a merchant bank based in London. ...

He is now Chairman of Allianz Cornhill Insurance plc, Vice Chairman of Dresdner Kleinwort Wasserstein and a non-executive director of LIFFE and ITM Power plc Dresdner Kleinwort Wasserstein (DrKW) is the investment banking arm of the German retail bank Dresdner Bank itself owned by Allianz Group. ... ...