when was new year's day made a bank holiday
Bank holiday In 1903, the Bank Holiday (Ireland) Act added 17 March, Saint Patrick's Day, as a bank holiday for Ireland only.[6] New Year's Day did not become a bank holiday in England until 1 January 1974.
Diamond Jubilee of Queen Elizabeth II On 5 January 2010, the Lord President of the Council and Business Secretary Lord Mandelson announced that an extra bank holiday would take place on 5 June 2012.[158][164][165] Moving the Spring Bank Holiday (the last Monday in May) to 4 June resulted in a four-day holiday in honour of the Diamond Jubilee.[164][166] As national holidays are a devolved matter, Scotland's first minister confirmed that the bank holiday would be held on 5 June in Scotland. Some economists later theorised that the holiday could reduce the country's gross domestic product by 0.5% in the second quarter of the year, though this would be partially offset by increased sales for the hospitality and merchandise sectors.[167]
Bank holiday A century after the 1871 Act, the Banking and Financial Dealings Act 1971, which currently regulates bank holidays in the UK, was passed.[11] 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.[12] The date of the August bank holiday was changed from the first Monday in August to the last Monday in August, and the Whitsun bank holiday (Whit Monday) was replaced by the Late Spring Bank Holiday, fixed as the last Monday in May.[13] In 1978 the first Monday in May in the rest of the UK, and the final Monday of May in Scotland, were designated as bank holidays.[14]
Economic nationalism While the coining of the term "