What is Bank Holiday?
Bank Holiday is a term used to describe the fact that the UK has relatively few public holidays compared to other European countries. Often these public holidays are also known as "bank holidays" because banks are closed and all transactions are suspended during the holidays.
Compared to other European countries, the UK has relatively few public holidays. Often these public holidays are also known as "bank holidays" because banks are closed and all transactions are suspended during the holidays. There are two bank holidays in the UK: the Spring Bank Holiday on the last Monday of May and the Summer Bank Holiday on the last Monday of August.
Why does Bank Holiday come about?
The origin of the British Bank Holiday can be traced back to 1834, and it originally referred to the bank's rest time. In 1871, banker Sir John Lubbock formally proposed to establish Bank Holiday as a legal holiday, which means a day off for the whole country.
The so-called Bank Holiday, as the name suggests, is a day when banks are closed. Even banks were not allowed to operate during these days, resulting in the closure of some other industries as well. So many UK shops will also be closed on this day. However, most shops will remain open even on bank holidays. They are called Bank Holidays because on these days banks are closed and there is no business activity. If a Bank Holiday happens to fall on a weekend, choose a day in another week (usually the following week) to make up for it as a Bank Holiday.
During the Bank Holidays in the UK, everyone has a day off except for those in special industries (such as water, electricity, fire, ambulance, police, health care workers, etc., but they will get double pay on these days). Almost everyone in the UK particularly likes this Bank Holiday because it is a statutory holiday and does not count as leave.
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