Bank hols 'cost Brits £18billion'

AXING public holidays could add a whopping £18billion to the nation’s coffers, experts claim.

The Centre for Economics and Business Research reckons each bank holiday costs an eye-watering £2billion.

Its chief executive Douglas McWilliams said the figures were grim.

He added: “We have done some maths on this and about 45 per cent of the economy suffers, the offices, the factories, the building sites where people tend not to go to work on Bank Holiday.         Read Full