💨 Abstract

In recent discussions, economists have considered the possibility of the UK reducing the number of bank holidays to stimulate economic productivity. Scrapping one day could potentially boost GDP, but it might also negatively impact the hospitality sector and workforce morale. While some experts suggest cutting less culturally significant holidays like those in May or August, others argue that any change could be politically unpopular and ineffective due to workers asking for more annual leave.

Courtesy: Luke Alsford