I saw a claim that an additional Bank/National Holiday if England won the Euros would cost the economy and pound £2.9+ billion. Why do bank holidays cost so much?

Question

Does extra spending on bars, entertainment, not cancel it out?

In: Economics

Answer 1

The average person in the UK is paid £170.5 per day. Companies dont pay employees what they are worth, each employee actually contributes about 2x their own salary in value.

Soooooo unless the average person blows £300 partying in a single day, ABSOLUTLY NOT.