Although the Co-operative Party put up several candidates for the first time at the 1918 general election, only one met with success. Waterson was elected as MP for the Kettering seat. He took the Labour whip in Parliament, ahead of any decision of Co-operative Congress to progress a formal alliance with the Labour Party.
Waterson was defeated at the 1922 general election. He became a national organiser of the Co-operative Party, serving until 1945. He contested the Nottingham Central by-election in 1930, and stood in Nottingham Central at the 1931 general election, coming a distant second in each case. He died in Wood Green, London aged 84.
- Craig, F. W. S. (1983) . British parliamentary election results 1918–1949 (3rd ed.). Chichester: Parliamentary Research Services. ISBN 0-900178-06-X.
- Rosen, Greg (2007). Serving the People: Co-operative Party History from Fred Perry to Gordon Brown. London: Co-operative Party. ISBN 978-0-9549161-4-5.
- Hansard 1803–2005: contributions in Parliament by Alfred Waterson
|Parliament of the United Kingdom|
|New constituency|| Member of Parliament for Kettering
1918 – 1922
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