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  • Are Bank Holidays worth it?
    • Geoff (no login)
      Posted Apr 10, 2012 7:13 PM

      I note that research has suggested that the U.K. economy suffers losses of some £2.6 billion as a result of lost production on Bank Holidays.

      I recall that, before I retired, we hated Bank Holidays since the business which would have been conducted on the Bank Holiday was compressed into the days before and after. Those two days were so hectic that any benefit that we might have felt as a result of an extra day off was lost. Industries with continuous processes also find it difficult since many of those processes cannot be switched off for short periods.

      May I suggest a solution? Scrap five of the Bank Holidays and give employees an extra week's annual leave in compensation. That way, the pressures experienced by commerce would be greatly reduced whilst manufacturing industry would not suffer the loss of a week's production each year. I'm sure that Forumites will have a view of the menace of Bank Holidays.
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