The invention discloses a laser-jet flow electrolysis combined machining double-pipe tool electrode and a milling machining method, and belongs to the field of laser-electrolysis combined machining. The double-tube tool electrode comprises an optical lens, an outer cathode tube, an inner inclined convex ring, an array outer inclined hole, a mesh, an inner cathode tube and an annular laser beam. The outer cathode tube is coaxially sleeved outside the inner cathode tube, an annular laser beam is adopted, an inner inclined convex ring is arranged at the lower end of the outer cathode tube, and a mesh is arranged at the lower end of the inner cathode tube. In the milling process, the annular band laser is started, and a power supply is switched on. A workpiece to be machined is corroded to form a groove under the synergistic effect of a laser irradiation thermal field, an electric field, an electrochemical field, a flow field and the like, and electrolyte is supplied in a spraying and sucking mode, so that the annular cavity is filled with the electrolyte, and machined products and bubbles are taken away in time. The outer diameter of the double-tube tool electrode reaches the centimeter level, large-area milling of a metal component can be achieved, the machining process is stable, and efficient and high-precision machining can be achieved.