UK Bank holidays. ( fist written up in 2012)
Sir Mervyn said output would fall in the second quarter of the year as the country celebrates the Queen’s 60 years on the throne in June.
He told the House of Lords Economic Affairs Committee that the Jubilee celebrations would have a similar impact on the economy to last year’s Royal Wedding, when the recovery stalled.
The Department for Culture, Media and Sport estimated that the royal wedding last year cost the UK £1.2billion or 0.08 per cent of GDP reported the Daily Mail.
But Sir Mervyn said the economy would bounce back later in the third quarter as visitors flood into Britain to watch the Olympics in July and August.
DayOpinioneers page The New Day 28th March 2016
http://www.technoligence.com/ResearchandInsights/ForBusinessLeaders/tabid/103/entryid/9/The-Return-on-Increased-Sales-Productivity.aspx Source; David Micksch 2010