No10 wants to give the economy time to improve before calling a vote
Downing Street has reportedly abandoned plans for a general election in May next year, with officials hoping to allow the economy to recover before going to the polls. Party preparations had been underway in case Prime Minister Rishi Sunak called a snap election in the spring, but it is now understood that No10 wants to see improvements in inflation and interest rates before holding a vote. Senior Tories had suggested a spring election to avoid conflicts with NHS winter crises and summer Channel boat crossings, but Downing Street believes the state of the economy will be the prevailing factor for voters.
Timing is key: Economy and cost of living crisis weigh on decision
One senior government source revealed that the decision to delay an election is based on the belief that time is on their side. It is hoped that inflation and interest rates will continue to decrease, providing a better economic outlook. Furthermore, No10 wants to address the ongoing cost of living crisis and give families a chance to feel more financially stable before calling a vote. The decision to prioritize economic recovery comes as the law requires the Prime Minister to hold a general election by January 2025.
Expectation shifts to November timing to avoid clash with Christmas
As plans for a May election fade, speculation is now turning towards a November timeline. This timing allows for greater separation from the holiday season, ensuring that the election does not conflict with people's Christmas plans. By waiting until the end of the year, Downing Street hopes to further gauge the state of the economy and ensure that the public's trust in the government's handling of finances has been strengthened.
