No10 Wants Economy to Improve Before Election

The possibility of a general election in May next year has been put on hold, as it is understood that Downing Street wants to give the economy more time to improve. Party preparations were underway in case Chancellor Rishi Sunak called a snap election in the spring, but now No10 is prioritizing the need for inflation and interest rates to come down before considering a vote.

Optimism Surrounding Economic Condition

One senior government source stated that time is on their side, with inflation showing signs of decrease. The hope is that interest rates and mortgage rates will also decrease in the coming months. Downing Street believes that the economy, along with which party the British trust to manage the economy, will be the primary factors influencing the vote.

Rumors Dispelled, New Election Date in November

Speculation had been circulating that a May election was likely, avoiding a potential NHS winter crisis and the rise in Channel boat crossings during the summer. However, Downing Street has now dismissed these rumors, intending to hold the vote in November instead. By doing so, they hope to avoid any conflicts with people's Christmas plans and provide more time for the cost of living crisis to ease.