Labour now considering axing bank holiday!20 Jul 2025 02:50
And follow France, as it toys with the idea of scrapping Easter Monday and VE Day bank holidays to provide a much-needed boost to their economy, the UK could follow suit.
With economic growth declining in April and then in May this year, that boost could be an ‘attractive’ option for the Chancellor, in terms of the facts and figures, scrapping a bank holiday would be good for GDP and the UK should probably do it.
Senior Economist including Charlie Cornes agreed that cutting a bank holiday would help to balance the books.
Rachel Reeves could avoid tax rises or spending cuts in the Autumn Budget.
The most costly bank holidays, Christmas and Boxing Day, are also the most culturally important, states the Adam Smith Institute economist, but seasonal bank holidays in May or August, are not cultural bank holidays.