A descendant of the Pagets of Ibstock, Leicestershire, Charles Paget belonged to a family of notable manufacturers and farmers. His father, Joseph, and his uncle, William, owned a hosiery business, Paget and White, and, along with their nephew Thomas, in 1825 established a banking house, Paget and Kirby, in Leicester. Joseph, William, and Thomas were also shareholders in the hosiery company Hollins, Siddons and Co., based at Pleasley, Nottinghamshire, with Paget, who purchased his first shares in 1834, becoming a major shareholder ten years later.
Prior to his unopposed return at the Nottingham by-election of July 1856, caused by the elevation of the Liberal member Edward Strutt to a peerage, Paget had chaired meetings of the Anti-Corn Law League and served as high sheriff of Nottinghamshire in 1844.
Paget comfortably topped the poll at the 1859 general election and contributed to debate with a response to the Queen’s speech in 1861, which, according to Sir John Trelawny, was ‘brief, modest, sensible and candid’.
After a vitriolic campaign at Nottingham in 1865, he was defeated in third place and although he presented a petition against the return of Sir Robert Clifton,
