Last night, Liverpool Council leader Warren Bradley said the city needed to ensure it now sealed the deal with the Conservatives.

He said: “It would be great for the city, and they may be the party of government by then.

“We have to get on and make sure we get it now.”

In August, when it was announced the Labour party would be bringing its conference to Liverpool, it was estimated it would have a £20m benefit for the city’s economy.

Up to 20,000 people are expected to attend the Labour conference, including delegates, journalists and lobbyists.

The four-day Labour event will be the biggest conference the city has ever hosted, and will bring huge national and international exposure to the city’s renaissance.

But, with the possibility of the Conservatives being in government by the time they bring their conference to Liverpool, their event could even eclipse Labour’s.

The Conservatives held their conference in Manchester this year, and next year the party will be in Birmingham.

If the Conservatives come to Liverpool, it will result in a high demand for accommodation, bringing thousands of additional bookings for local hotels.

A Conservative Party spokesman said: “Liverpool is absolutely a great city. We are looking at a number of places for future conferences at the moment.”