It was created on 22 July 1887 for the businessman and Conservative Member of Parliament, John Hubbard.
He was head of the firm of John Hubbard & Co and also sat as a Member of Parliament for Buckingham and the City of London.
[1] His eldest son, the second Baron, was a partner in the family firm and represented Buckingham in the House of Commons as a Conservative.
As of 2018[update], the title is held by his eldest son, the sixth Baron.
The heir presumptive is the present holder's younger brother, the Hon.