Peel briefly held a junior commission in the navy before he married and settled at Bonehill, which he initially leased from his father but subsequently bought outright. By 1825 his father had advanced him £60,000 of his personal fortune, and he received an additional £75,000 on Sir Robert Peel’s death in 1830.
Peel took Robert’s side over his rift with Canning in 1827, when he wrote:
It has been my misfortune to differ from you in opinion on one subject. I feel at this moment that on every other there is no sacrifice I would not make, nor any exertion I would not employ to meet your wishes and advance your views.
Add. 40393, f. 258.
He was reported in November 1827 to have been invited to stand for Newcastle at the next election, but when he was ‘sounded’ on this by a local man, ‘like a discreet politician he maintained the most impenetrable silence’.
Ministers may have expected Peel to support reform.
I ... have no hesitation in stating, that if the reform bill should pass into a law, it ought to be carried by its original promoters, rather than by those who have been its opponents; for in the one case I think it very possible that a satisfactory arrangement may take place, while on the other, there can be no arrangement whatever.
He voted against government on the Russian-Dutch loan, 12 July 1832.
Peel was easily beaten at Newcastle at the 1832 general election, but he was successful there under the auspices of his brother’s first ministry in 1835. He remained an advocate of free trade, but was alarmed by Chartism and the movement to reduce factory working hours, and by 1844 was ‘getting out of his own trading concerns as fast as he could’.
