When will the general election be?
The general election is likely to be sometime in 2024 and Keir Starmer is the favourite to win.
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
You are now subscribed
Your newsletter sign-up was successful
Want to add more newsletters?
Twice daily
MoneyWeek
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
Four times a week
Look After My Bills
Sign up to our free money-saving newsletter, filled with the latest news and expert advice to help you find the best tips and deals for managing your bills. Start saving today!
2024 is set to be a big one for elections, with voters casting ballots in countries accounting for about 4.2 billion or 50% of the global population. Britons will almost certainly be among them. The question is when, says Rachel Cunliffe in The New Statesman.
In December, Rishi Sunak told reporters that the election would be held in 2024. The most likely dates are May, October or late November. The decision to implement the tax cuts announced in November’s Autumn Statement in January rather than April and the fact that this year’s Budget would be held on the earlier date of 6 March, along with recent hints of further tax cuts, notably to inheritance tax, suggest that May is the preferred date.
That gives Sunak the chance to “look decisive” and avoid accusations of “clinging on”. Two-thirds of voters want an early election, and another summer of Channel boat crossings could be electorally expensive.
MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
“Most obviously,” says Henry Hill in The Guardian, the local elections are on 2 May and it would be advantageous for the general election to coincide. It would “encourage Conservative voters to the polls and help avoid, or at least ameliorate, the devastating loss of councillors that otherwise might result... Wait until after May, and CCHQ will have lost hundreds of its most dedicated foot soldiers: its Tory councillors”. That said, the polls are currently “dismal” for the Tories, with Labour maintaining its poll lead of 15-20 points. Sunak may go “cold on the idea” of a May election if the polls don’t improve.
Nor can Sunak turn the election into a “presidential-style contest”, says Adam Forrest in The Independent. Keir Starmer is the most popular leader in 390 seats, including Sunak’s own Yorkshire constituency, according to a poll by Focaldata, while Sunak is favoured in just four seats. The “only silver lining” for the prime minister comes from the “don’t-knows” that were ahead in 238 seats.
Could the Tories still take it? A shock Tory win isn’t out of the question, says Luke Tryl in The Telegraph. People today are much more likely to change their minds over a short space of time.
More than 25% of the “don’t-knows” are “would-be core Tory voters” who are fed up with the current government, but are more likely to vote Tory than Labour, when push comes to shove. Nigel Farage’s Reform UK party could cost the Tories at least 30 seats if it retains its popularity. If the Tories can tempt some Reform voters or persuade the party to stand down, it will “save them seats”. Nor is there much love for Starmer – his approval ratings fall far short of those enjoyed by Tony Blair before Labour’s landslide win in 1997, notes The Times. This might not matter given current distaste for the Tories, but if the economy improves there is a “chance” that the Tories can go into the election on a platform of “don’t risk the recovery with Labour”.
The economy is “central to any Tory comeback”, with the cost of living continuing to far outstrip voters’ other concerns. During controversial secret talks, Dominic Cummings reportedly advised Sunak to make some “big, decisive moves”, such as holding an emergency budget and doubling the 40p income-tax threshold to £100,000, says Katy Balls in The Times. A less dramatic “gear shift” is more likely.
For all the speculation, it is “highly likely” Starmer will enter No. 10 this year, says The Times. Given this and the many “impediments to Britain’s recovery”, Starmer “owes the voters greater candour about how Labour would govern amid hardship at home and conflict overseas”.
This article was first published in MoneyWeek's magazine. Enjoy exclusive early access to news, opinion and analysis from our team of financial experts with a MoneyWeek subscription.
Related articles
- Spring Budget 2024 - what it could mean for your finances
- Inheritance tax receipts set for record breaking year after £400m rise
- Betting on US politics – who'll be the next US President?
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.

Emily has worked as a journalist for more than thirty years and was formerly Assistant Editor of MoneyWeek, which she helped launch in 2000. Prior to this, she was Deputy Features Editor of The Times and a Commissioning Editor for The Independent on Sunday and The Daily Telegraph. She has written for most of the national newspapers including The Times, the Daily and Sunday Telegraph, The Evening Standard and The Daily Mail, She interviewed celebrities weekly for The Sunday Telegraph and wrote a regular column for The Evening Standard. As Political Editor of MoneyWeek, Emily has covered subjects from Brexit to the Gaza war.
Aside from her writing, Emily trained as Nutritional Therapist following her son's diagnosis with Type 1 diabetes in 2011 and now works as a practitioner for Nature Doc, offering one-to-one consultations and running workshops in Oxfordshire.
-
Average UK house price reaches £300,000 for first time, Halifax saysWhile the average house price has topped £300k, regional disparities still remain, Halifax finds.
-
Barings Emerging Europe trust bounces back from Russia woesBarings Emerging Europe trust has added the Middle East and Africa to its mandate, delivering a strong recovery, says Max King
-
How a dovish Federal Reserve could affect youTrump’s pick for the US Federal Reserve is not so much of a yes-man as his rival, but interest rates will still come down quickly, says Cris Sholto Heaton
-
New Federal Reserve chair Kevin Warsh has his work cut outOpinion Kevin Warsh must make it clear that he, not Trump, is in charge at the Fed. If he doesn't, the US dollar and Treasury bills sell-off will start all over again
-
How Canada's Mark Carney is taking on Donald TrumpCanada has been in Donald Trump’s crosshairs ever since he took power and, under PM Mark Carney, is seeking strategies to cope and thrive. How’s he doing?
-
Rachel Reeves is rediscovering the Laffer curveOpinion If you keep raising taxes, at some point, you start to bring in less revenue. Rachel Reeves has shown the way, says Matthew Lynn
-
The enshittification of the internet and what it means for usWhy do transformative digital technologies start out as useful tools but then gradually get worse and worse? There is a reason for it – but is there a way out?
-
What turns a stock market crash into a financial crisis?Opinion Professor Linda Yueh's popular book on major stock market crashes misses key lessons, says Max King
-
ISA reforms will destroy the last relic of the Thatcher eraOpinion With the ISA under attack, the Labour government has now started to destroy the last relic of the Thatcher era, returning the economy to the dysfunctional 1970s
-
Why does Trump want Greenland?The US wants to annex Greenland as it increasingly sees the world in terms of 19th-century Great Power politics and wants to secure crucial national interests