Is the UK about to have a snap election?

The Telegraph reports:

Theresa May is due to make a statement in Downing Street at 11.15am amid speculation the Prime Minister could call an early general election. 

Mrs May is scheduled to make her statement immediately following a meeting of her Cabinet. 

The BBC’s political editor Laura Kuenssberg confirmed the news and said such a statement is “only normally used for most serious moments”. 

We’ll find out in 45 minutes!

UPDATE: It is an election – 8 June. Will need a super majority vote in Parliament tomorrow.