He was born in Wellington, and educated at Christchurch Boys' High School and Nelson College. He was an industrial chemist, and founded his cosmetics and toiletries manufacturing companyWilfrid Owen New Zealand Limited in 1938. He was a resident of Sumner, Christchurch. In 1924 he married Ethel Amie Gough, with whom he had two children. During World War II he served in the home guard. He had many community interests and was a lifelong member of the Canterbury Jockey Club, the Christchurch Businessman's Club and the Canterbury Officers' Club.
Political career
Owen entered politics via local body affairs. He was elected as a member of the Sumner Borough Council as an independent candidate. He remained a member until 1945 when Sumner was amalgamated with the Christchurch City Council. In the early 1930s he developed an interest in the monetary reform ideas of C. H. Douglas and joined the Social Credit association. He was one of 12 delegates at a summit in 1952 to promote a political wing of the association. At the associations conference in 1953 the formation of a political wing was unanimously supported, albeit reluctantly rather than supporting other parties. He became the leader of Social Credit Party in 1953. Under his leadership Social Credit got a surprising 11% of the party vote in the 1954 general election. Owen stood himself for Social Credit in in the and, coming third with 2,675 and 1,014 votes respectively; and in the . The main impact he achieved as leader was induce the government to establish the Royal Commission on Money and Baking in 1956 to investigate Social Credits claims that the country's financial system was malfunctioning. During the investigations bankers admitted that banks actually create credit, a claim they previously disputed. Support dropped to 7% in the 1957 general election. For that and for the criticism of Social Credit by the Royal Commission he was criticised at the 1958 conference, and he resigned from the leadership shortly after in 1959. The Social Credit Party suffered a very public split between supporters of leader Vernon Cracknell and his deputy John O'Brien. Owen surprisingly sided with O'Brien who eventually lead a walkout and formed the splinter New Democratic Party. In the Owen stood in for the New Democratic Party, and came fifth with 288 votes. He rejoined the Social Credit Party and remained a member until he died. He was not made a life member but was a member of the Lyttelton branch.
