History of UK Bank Holidays

UK Bank Holidays have an unusual origin; the banks themselves first decided them. Long ago, banks and some government offices would remain closed for only special occasions. These included Christian festivals, saints’ days, and royal celebrations. Banks used to take up to 40 days off a year. But there was no standard schedule. Each town had to choose its own days off, which confuses workers and businesses.

What is a Bank Holiday?

Benefits of Bank Holiday

The 1871 Bank Holidays Act

When the Industrial Revolution arrived, the problem worsened. Factories and banks were closing on different days. Paying wages and running businesses became difficult. A solution came in 1871. Sir John Lubbock, a banker and politician, introduced the UK Bank Holidays Act. It fixed four official holidays across Britain, which include Easter Monday, the First Monday in August, 26th December (Boxing Day), and White Monday(England, Wales, and Northern Ireland).

In this region, Christmas Day and Good Friday were already days of rest and Christian worship and were not included in the Bank Holidays Act.

Different dates were decided for Scotland, which were New Year’s Day, Good Friday, the first Monday in May, the first Monday in August, and Christmas Day. Suddenly, everyone closed on the same days. This made life simpler for banks, factories, and workers alike. People were so thankful for the introduction of new holidays that they were named “St Lubbock’s Days” for a while

Modern Additions to the List

A hundred years after Sir John Lubbock’s Bank Holidays Act of 1871, two new holidays were added to the UK calendar. In 1974, New Year’s Day became a Bank Holiday in England, Wales, and Northern Ireland. Later, in 1978, the first Monday in May, known as May Day, was also made an official Bank Holiday.

In 1903, Northern Ireland made St Patrick’s Day (17 March) an official Bank Holiday through a special Act of Parliament. Later, in 1926, the Governor of Northern Ireland added 12 July, the Anniversary of the Battle of the Boyne, to the list of Bank Holidays. In Scotland, 2 January was declared an additional Bank Holiday in 1971 under the Banking and Financial Dealings Act

England & Wales

Scotland

New Year’s Day

2nd January

Good Friday

Early May Bank Holiday

Nothern Ireland

New Year’s Day

St Patrick’s Day

Good Friday

Early May Bank Holiday

FAQs

On Bank Holiday officies Schools and Banks remain closed in the UK.

New Year’s Day became a Bank Holiday In 1974, in England, Wales, and Northern Ireland.