Future Retirement Success
  • Politics
  • Business
  • Investing
  • Stocks
  • Politics
  • Business
  • Investing
  • Stocks

Future Retirement Success

Business

Jeremy Hunt Hints at October General Election

by March 20, 2024
March 20, 2024
Jeremy Hunt Hints at October General Election

Chancellor Jeremy Hunt has suggested that a general election could potentially be held in October.

Speaking before a Lords Committee, he emphasized the necessity of completing the government’s next spending review before April of the following year, indicating that “if the general election is in October, that will mean it’s very, very tight.”

The latest permissible date for an election under current law is 28 January 2025. However, Prime Minister’s “working assumption” leans towards holding one in the latter half of this year. Last week, Rishi Sunak dismissed the possibility of polling day coinciding with the already scheduled local elections on 2 May.

Addressing the House of Lords Economic Affairs Committee, Mr. Hunt also expressed hopes for another “fiscal event” within this parliamentary term, which concludes in January. Fiscal events typically involve statements outlining tax and spending decisions, such as the Budget and Autumn Statement.

“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 remarked.

Highlighting the urgency of completing the next spending review, crucial for determining public service expenditure, Hunt stressed that it must be finalized before April. He acknowledged the tight timeline, particularly if a general election were to take place in October, underscoring the importance of addressing productivity elements in advance.

While general elections in the UK are scheduled every five years, Mr. Sunak retains the authority to call one earlier if deemed necessary. With the Conservatives currently trailing behind Labour in polls, opposition parties accuse the Prime Minister of avoiding an early election.

During this month’s spring Budget, the chancellor announced a further 2p reduction to National Insurance for workers, aligning with last year’s tax cut outlined in the Autumn Statement. However, there is growing pressure from some Tory MPs for additional tax reductions, which could be unveiled in another fiscal event preceding the election.

Read more:
Jeremy Hunt Hints at October General Election

0
FacebookTwitterGoogle +Pinterest
previous post
Fall in Food and Eating Out Costs Drives Decrease in Inflation
next post
Medicare and Social Security Are Responsible for 100 Percent of US Unfunded Obligations

You may also like

How to Choose The Best Business Coach?

September 27, 2024

CBI business group boss Danker sacked after misconduct...

April 11, 2023

Universal credit tax rate hindering employment efforts, says...

July 17, 2024

Manufacturing slumps to lowest level in 31 months

January 4, 2023

Vijay Eswaran on the African Resurgence: A Continent...

April 24, 2024

Apple Delays AI Feature Rollout in Europe, Blaming...

June 24, 2024

Carmakers recover ground in first three month of...

April 28, 2023

The Benefits Of Financial Edge NXT For Non-Profit...

December 21, 2023

Pranks and anonymous messaging games between friends

March 9, 2023

From Richard Branson to Yuri Milner: Four Influential...

August 23, 2024

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • Longtime Biden aide testifies he stood to earn up to $8M had president won re-election

      August 1, 2025
    • Secret Service must ‘course correct’ after alleged smuggling episode on Trump trip, former agent says

      August 1, 2025
    • GOP senators rally around effort to end ‘radical wokeness’ in HHS task force

      July 31, 2025
    • Banned chemicals found in American shampoo, sunscreen and tampons across major brands

      July 31, 2025
    • Homesick GOP senators mull throwing out the rules over stonewalling Dems

      July 31, 2025
    • Trump backs stock trading ban so lawmakers like Pelosi can’t continue ‘ripping off’ constituents, WH claims

      July 31, 2025

    Categories

    • Business (8,637)
    • Investing (2,165)
    • Politics (16,270)
    • Stocks (3,228)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: futureretirementsuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 futureretirementsuccess.com | All Rights Reserved