Rishi Sunak, the UK Prime Minister, is reportedly planning to call for a general election on July 4, according to Sky News.

Reports from Sky News indicate that Rishi Sunak, the U.K. Prime Minister, plans to call for a general election on July 4.

On Wednesday, the Office for National Statistics revealed that U.K. inflation decreased to 2.3% in April, almost reaching the Bank of England's 2% target.

The Conservative Party, led by Sunak, had been hoping for indications of a better economic climate, as it trails in the polls prior to the national election.

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