The Milne-Watson Baronetcy, of Ashley in Longbredy in the County of Dorset, is a title in the Baronetage of the United Kingdom. It was created on 11 June 1937 for David Milne-Watson. He was governor and managing director of the Gas Light & Coke Company and vice-president of the Federation of British Industries. The third Baronet was managing director of the Gas Light & Coke Company and deputy chairman of the British Steel Corporation.