The 1923 United Kingdom general election was held on Thursday 6 December 1923. The Conservatives, led by Prime Minister Stanley Baldwin, won the most seats, but Labour, led by Ramsay MacDonald, and H. H. Asquith's reunited Liberal Party gained enough seats to produce a hung parliament. It is the most recent UK general election in which a third party won over 100 seats and the most narrow gap, of a "mere" 100 seats, between the first and third parties since. The Liberals' percentage of the vote, 29.7%, has not been exceeded by a third party at any general election since.

Stanley Baldwin, 1st Earl Baldwin of Bewdley, was a British statesman and Conservative politician who dominated the government of the United Kingdom between the world wars, serving as prime minister on three occasions, from May 1923 to January 1924, from November 1924 to June 1929, and from June 1935 to May 1937.