Overview

This bill proposes the creation of a new annual bank holiday in the United Kingdom, to be held on the Friday closest to June 23rd, and to be officially called "United Kingdom day". The bill amends existing legislation to add this new holiday to the list of bank holidays across England, Wales, Scotland, and Northern Ireland.

Description

The June Bank Holiday (Creation) Bill seeks to amend the Banking and Financial Dealings Act 1971. This amendment adds a new bank holiday to the existing schedules for England and Wales, Scotland, and Northern Ireland. The new holiday will fall on the Friday closest to the 23rd of June each year.

Naming of the Holiday

The bill mandates that all public authorities must refer to the new bank holiday as "United Kingdom day" in all official communications and publications.

Financial Provisions

The bill outlines that all associated costs, including any expenditure incurred by the Secretary of State and any increases in sums payable under other Acts, will be met from funds provided by Parliament.

Government Spending

The bill does not specify exact figures for government spending. However, it states that all costs related to the implementation and administration of the new bank holiday will be covered by parliamentary funding. This includes expenses incurred by the Secretary of State and any increases to existing government spending stemming from the new holiday.

Groups Affected

• Workers: Most workers will benefit from an extra bank holiday, potentially leading to increased leisure time. However, some businesses may experience operational challenges or increased labor costs.
• Businesses: Businesses may experience both positive and negative impacts. Increased consumer spending due to the holiday could be offset by increased labor costs or temporary closures.
• Public Sector: Public sector workers will receive the holiday, and the government will incur costs associated with its implementation and administration.
• Financial Institutions: Banks and financial institutions will need to adjust their operations to accommodate the new bank holiday.

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