Jeremy Hunt has hinted that the next election could be held in October after Rishi Sunak ruled out a vote on May 2.
Mr Hunt, the Chancellor, appeared to suggest the election would take place in autumn as he set out the Government’s approach to the next Whitehall spending review.
Discussing the timeline for the review, he said it would be “very, very tight” to complete it before the deadline of April 2025 “if the general election is in October”.
Mr Hunt told the Lords economic affairs committee on Tuesday: “No governments decide a spending review this far ahead of when that spending review is happening.
“This particular spending review has to be complete before next April, when the next financial year starts.
“And of course if the general election is in October, that will mean it is very, very tight – and that is why we are thinking in advance about the most important element of that spending review, which is the productivity element.”
Mr Sunak has previously said his “working assumption” is that the contest will be held in the second half of this year.
Last week, he ruled out holding a vote on May 2, the same day as the local elections, after speculation that the Tories might choose to call the election early amid fears of a further slide in the opinion polls.
Meanwhile, the Prime Minister announced that the UK will host the European Political Community summit on July 18, later than anticipated.
It had been expected to take place in the spring, but reports suggested Mr Sunak had delayed committing to a firm date because he wanted to leave the door open for a potential May election.
Announcing the summit date on Tuesday, he said: “I am delighted that the UK will host the next European Political Community meeting at the historic Blenheim Palace. It is an important forum for co-operation across the whole of Europe on the issues that are affecting us all, threatening our security and prosperity.
“From putting our full support behind Ukraine to stopping the scourge of people-smuggling and illegal migration, under the UK’s leadership the meeting will bring together our European friends, partners, and neighbours to address our shared challenges.”