Public Holidays
(asked on 23rd July 2024) - View Source
Question to the Department for Business and Trade:
To ask the Secretary of State for Business and Trade, if he will establish an additional bank holiday to honour veterans on the Monday after Remembrance Sunday.
Answered by
Justin Madders
Parliamentary Under Secretary of State (Department for Business and Trade)
The Government recognises the sacrifices made by so many veterans and the huge debt of gratitude owed to those who have served their country.
The current pattern of UK bank holidays is well established and accepted. Whilst an additional bank holiday may benefit some sectors, the cost to the economy of an additional bank holiday remains considerable. The latest analysis estimates the cost to the UK economy for a one-off bank holiday to be around £2bn.