A wealthy Unitarian banker and landowner, Paget was a firm supporter of Gladstone during his brief spell in Parliament. His family had long possessed and farmed land in Ibstock, Leicestershire. His father, Thomas Paget, joined Pares’s county bank in 1800, married into the same family in 1807, and became a partner in 1824 before founding his own firm, Paget and Kirby.
His business credentials, landholdings and his late father’s popularity made Paget a formidable candidate for South Leicestershire, a constituency long controlled by the Conservatives. However, he bided his time and declined an invitation to stand for the Liberals at the 1865 general election.
In Parliament, Paget spoke in favour of elementary education and was confident that British workmen could hold their own against foreign competitors provided that a compulsory education rate was imposed and lessons were learnt from her ‘Continental neighbours’.
At the 1868 election Paget finished in third place behind two Conservatives. He unsuccessfully contested the same constituency in 1870 and 1874, but topped the poll at the 1880 general election and represented the new single-member southern division, 1885-86.
