Should UK follow Portugal and scrap bank holidays?

Elliot Lane
Bank holiday Bournemouth
Bank holiday Bournemouth

Do bank holidays really boost the feel-good factor in the UK economy and its workforce? Last week's May bank holiday wash-out did nothing for seaside tourist spots or garden centre sales, but next month the UK will benefit from an extra holiday due to the Diamond Jubilee celebrations. Will the party atmosphere push up productivity and consumer spending?