The National Government of 1931–1935 was formed by Ramsay MacDonald following his reappointment as Prime Minister of the United Kingdom by King George V after the general election in October 1931.

The Liberal Nationals had previously not held office in MacDonald's previous National Government, though two junior ministers appointed as Liberals had defected to them.

During the course of the Ministry the ministers from the Liberal Party, led by Sir Herbert Samuel, resigned over the adoption of a protectionist policy caused by the government negotiating the Ottawa Accords in 1932.

The other Liberal faction in the Ministry, the Liberal National Party, had accepted the Conservative policy of protectionism before the National government had been formed so its ministers continued in office.

In June 1935, MacDonald resigned and was replaced as prime minister by Stanley Baldwin.