Prime Minister Andy Burnham has firmly ruled out an early general election, stating the next vote will occur in 2029 and dismissing advisor speculation about a spring 2027 snap poll. The current Parliament first met in July 2024, setting a statutory deadline of 15 August 2029 under the Dissolution and Calling of Parliament Act. Recent opinion polls show Labour ahead on vote share but projected short of a House majority, with Reform UK close behind and the Conservatives trailing. Burnham’s leadership has produced a modest polling uptick for Labour, though no major policy shifts or parliamentary crises have emerged to alter the timeline. Traders should watch for any reversal in the PM’s stance ahead of potential local or by-election tests in 2027.