He was educated at Manchester Grammar School, and became a merchant.
He was re-elected in 1865, but was defeated at the 1868 general election by Henry Bulwer. When Bulwer was elevated to the peerage in 1871, Peel was elected unopposed in his place, and held the seat until his own death in April 1872, aged 68. Peel was also a Justice of the Peace for Warwickshire and Staffordshire.
18th United Kingdom Parliament. 19th United Kingdom Parliament. 20th United Kingdom Parliament]
Peel was elected as a Member of Parliament (Member of Parliament) for Tamworth at a by-election in October 1863, following the succession to the peerage of the Liberal Member of Parliament Viscount Raynham.