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A century after the 1871 act, the Banking and Financial Dealings Act 1971 (c. 80), which currently regulates bank holidays in the UK, was passed. [14] The majority of the current bank holidays were specified in the 1971 Act: however New Year's Day and May Day were not introduced throughout the whole of the UK until 1974 and 1978 respectively. [15]
A bank holiday is a national public holiday in the United Kingdom and the Crown Dependencies, and a colloquial term for a public holiday in the Republic of Ireland. In the United Kingdom, the term refers to all public holidays, be they set out in statute, declared by royal proclamation , or held by convention under common law .
The August Bank Holiday or Summer Bank Holiday [1] is a public holiday in the United Kingdom, part of the statutory bank holiday provision. Originally, the holiday was held on the first Monday of August across the country, but was changed in the late 1960s to the last Monday in August for England, Wales and Northern Ireland.
2 October – Metropolitan Police Commissioner Sir Ian Blair announces his resignation with effect from 1 December 2008, citing a lack of support from new Mayor of London Boris Johnson. 3 October – Peter Mandelson returns to the Westminster cabinet as Secretary of State for Business, Enterprise and Regulatory Reform as part of a reshuffle ...
The Bank Holidays Act 1871 (34 & 35 Vict. c. 17) established public holidays (known as bank holidays) in addition to those customarily recognised in the United Kingdom.. The Act designated four bank holidays in England, Wales and Ireland (Easter Monday; Whit Monday; First Monday in August; 26 December if a weekday) and five in Scotland (New Year's Day, or the next day if a Sunday; Good Friday ...
UK interest rates are now at 2.25%, its highest level since 2008, as the BoE deemed that inflation pressures outweighed the short-term risk of a recession. Meanwhile, the British pound has neared ...
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