Rumors of early election
A senior government figure has shut down speculations of a May general election, stating that it is "one million per cent not going to happen." The political landscape in Westminster has been buzzing with rumors that Chancellor Rishi Sunak could use the upcoming Budget as a platform to announce an early vote.
No May election
Despite the swirling rumors, it has been asserted that Prime Minister Rishi Sunak must adhere to the timeline and hold an election by January 2025. In order to have a May election, the call would need to be made by March 26. However, senior government figures have poured cold water on the notion of a May election.
Labour's taunts and government response
Labour has attempted to goad the Conservatives into an early election, with shadow cabinet ministers sharing memes of Justin Timberlake with the caption "it's gonna be May." Nevertheless, a senior government source has firmly stated that a May election is off the table, emphasizing that it will be a long wait before the next election is called.
Timing of potential election
The expectation is that the PM is likely to announce the election in October or November, with the hope that by then, interest and mortgage rates will have decreased. This strategy aims to capitalize on a more favorable economic climate for the government.
