The Government has announced an additional bank holiday on 8 May 2023, to celebrate the King’s Coronation. This means that there will be three bank holidays in May 2023.
Employers need to look at how they will approach the additional bank holiday. This will be determined to some extent by the wording in employees’ contracts of employment. For example, where the contract entitles employees to take leave on “all bank and public holidays”, the employer will be required to grant the extra day as leave.
Even if the employer is not contractually obliged to grant the extra day as leave, it may choose to do so as a goodwill gesture to employees.
Employers need to plan well in advance for potential staffing issues. They may need extra staff if their business will be particularly busy on bank holidays and they may see a spike in requests for annual leave around this time.
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