Public Holidays
(asked on 21st February 2025) - View Source
Question to the Department for Business and Trade:
To ask the Secretary of State for Business and Trade, if will make an assessment of the potential merits of establishing an additional bank holiday for 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 profound debt of gratitude owed to those who have served our country.
We regularly receive requests for additional bank and public holidays to mark a variety of occasions. While an additional bank holiday may benefit some communities and sectors, the cost to the economy remains considerable. The latest analysis estimates the cost to the UK economy for a one-off bank holiday to be around £2 billion.
The current pattern of bank and public holidays is well established and widely accepted. The Government has no plans to change it.