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<p>We recognise the importance of celebrating the respective saints’ days across the
UK. While an additional bank holiday may benefit some communities and sectors, the
cost to the economy of an additional bank holiday remains considerable. The latest
analysis estimates the cost to the UK economy for a one-off bank holiday to be around
£2bn. The Government fully considers the effects of any additional bank holidays,
which is why we rarely create them.</p><p>The Government has no plans to change the
well-established and accepted arrangements for bank holidays.</p>
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