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 adds the words ", Margaret Thatcher Day" after "the last Monday in August" in paragraphs 1 and 3 of Schedule 1 of the 1971 Act. This effectively gives the existing bank holiday a dual name.

Key Aspects:

• The bill doesn't create a new bank holiday; it simply renames an existing one.
• The amendment applies to England, Wales, and Northern Ireland.
• The proposed effective date is January 1st, 2014.

Government Spending

The bill is unlikely to have a significant impact on government spending, as it primarily involves a symbolic renaming of an existing bank holiday. No specific figures are provided in the bill text regarding financial implications.

Groups Affected

The main groups affected are:

• The general public: The name of the August bank holiday would change.
• Businesses: Businesses may need to update any references to the bank holiday on official documents or internal communications.
• Historians and political commentators: The renaming would be subject to debate and discussion.

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