Overview

This bill proposes the creation of a new annual public bank holiday on 23 June (or the following Monday if the 23rd falls on a weekend). The holiday would be officially named "independence day" and would apply across England, Wales, Scotland, and Northern Ireland.

Description

The bill amends the Banking and Financial Dealings Act 1971 to add 23 June as a bank holiday. If the 23rd falls on a Saturday or Sunday, the holiday will be observed on the following Monday. The bill mandates that all public authorities refer to this new holiday as "independence day" in all official communications. The financial provisions state that any expenses arising from the implementation of the act will be met from public funds.

Government Spending

The bill will lead to increased government spending, although precise figures are not specified. Costs will cover the administrative burden of implementing the new bank holiday (e.g., changes to government operations and potential increased payments to public sector workers) and any additional expenditure resulting from this new legislation.

Groups Affected

The bill will affect:
• Businesses: May experience disruption due to the additional bank holiday.
• Workers: Will benefit from an additional day off, unless their work requires them to operate regardless.
• Public Sector Workers: May see increased overtime pay or other associated costs.
• Public Authorities: Must refer to the holiday as "independence day" in all official communications.

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