Does extra spending on bars, entertainment, not cancel it out?
In: Economics
Almost everyone in the UK works, or contributes to the GDP in some way in their day to day life. Not everyone cares about football (shocking I know) or doing stuff on bank holidays.
In addition to this, while not every employment contract includes clauses for additional pay on holidays, just having a reduced employed pool means that the cost of business for those running on those days is more expensive, either directly or indirectly.
Running any kind of holiday also increases the cost of a lot of public services that deal with people after doing fun things. Cleanup crews, policing, emergency health/fire services, to name a few. Specially with a national holiday aimed at the concept of celebrating, these are bound to be higher than the average summer holiday.
Brits also tend to overdo it with parties, specially around sporting, as was seen at the Euros themselves, which is a blessing and a curse.
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