LONDON CHANCELLOR HINTS AT OCTOBER GENERAL ELECTION
In a bold move, UK Chancellor Jeremy Hunt has suggested that a general election could potentially be held in October, setting the stage for a high-stakes political showdown.
Hunt emphasized the urgency of completing the government’s next spending review before April, hinting that a tight timeline would be in place if the election were to take place in October.
While the latest date for a legal election falls on Jan. 28, 2025, Prime Minister Boris Johnson has indicated that his “working assumption” is for the election to occur in the latter half of this year.
Rishi Sunak, another key figure in the government, has already ruled out a polling day on May 2, coinciding with local elections.
During a session with the House of Lords Economic Affairs Committee, Hunt also expressed his desire to conduct another “fiscal event” within this parliamentary term, potentially leading to significant tax and spending decisions.
“I can be quite open with you and say I hope I do another fiscal event this parliament and indeed return as chancellor after the general election and do a spring Budget,” he stated.
With the next spending review crucial for determining public service expenditures, Hunt stressed the importance of addressing productivity concerns in advance.
General elections in the UK are typically held every five years, but Sunak holds the authority to call for an earlier one, sparking debates and accusations from opposition parties.
Amidst pressure from some Tory MPs for additional tax cuts, the possibility of outlining further fiscal measures before the election remains on the table.
The political landscape in the UK is heating up, with the looming prospect of a potential October general election adding fuel to the fire. — BBC
