As part of my next TL, going from 1951 to 1964, I want to see if there is any plausibility in the Peerage Act being introduced in 1951 allowing MP's to relinquish any peerages, baronets or titles to allow them to remain in the House. OTL, the act came in in 1963 when Douglas-Home became PM.
The idea for introducing the act in my new TL is that Churchill upon returning to power wants to appoint a peer (Beaverbook atm) as Chancellor of the Exchequer meaning he has to be from the Commons.