Would Jubilee’ve It!

 

Accusation

The Queen’s Diamond Jubilee celebrations will hamper economic recovery, suggests the Bank of England.

The “four-day weekend” may encourage some staff to take longer breaks or businesses to arrange extended closures.

The Bank has warned of an expected reduction of 0.5 per cent in GDP, making it harder for the economy to pull out of recession in the second quarter of the year.

Recommendation

No lesson was learned from 2011 when there was a similar impact with last year’s Royal Wedding and growth was reduced by around 0.4%.

Therefore a one day bank holiday would help mitigate any losses.

Representation

We await One’s response

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