Overview

This bill proposes to rename the late August Bank Holiday Monday as "Margaret Thatcher Day." The change would be a symbolic recognition of the former Prime Minister.

Description

The Margaret Thatcher Day Bill seeks to amend the Banking and Financial Dealings Act 1971. Specifically, it inserts the phrase ", Margaret Thatcher Day" after "the last Monday in August" in two relevant paragraphs (paragraphs 1 and 3) within Schedule 1 of the 1971 Act. This effectively adds the new name to the existing Bank Holiday.

Key Aspects:

• The bill changes the name of the Bank Holiday, not the holiday itself.
• The amendment applies to England, Wales, and Northern Ireland.
• The proposed effective date for the name change is 1 January 2014.

Government Spending

The bill is unlikely to have a significant impact on government spending. The cost of implementing the name change would be minimal, primarily involving updating official documentation and potentially some public information materials. No specific figures are provided in the bill text.

Groups Affected

The bill's primary impact is symbolic. Groups potentially affected include:

• The public: The name change would affect how the August Bank Holiday is referred to in official and public contexts.
• Businesses: Businesses might need to update any internal or external documentation referencing the Bank Holiday.
• Historians and political commentators: The renaming could spark debate and discussion regarding Thatcher's legacy.

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