Nearly one million UK businesses could benefit from a new bank holiday, according to a new TUC report out today (Friday). The TUC are calling for a ‘Community Day’ bank holiday in late October to celebrate and encourage volunteering and community activity.
The TUC report – Why the UK can afford a Community Day – says that many customer-facing businesses, such as those in the retail, hospitality, leisure, tourism and transport sectors, have stronger trading days on bank holidays and could benefit from a new public holiday. These sectors have grown over the last forty years and now account for nearly a million UK businesses – over one fifth of all UK businesses – according to the Government’s VAT registrations.
Deputy Executive Director of UK volunteering charity CSV Bill Garland said: ‘Research indicates that enabling people to volunteer their time as part of a community day could improve health and increase productivity. Up to half of volunteers report it improves their health and fitness while up to a third of younger volunteers say it helps them smoke less. Employers who actively encourage their staff to volunteer see improvements in staff morale, productivity and a reduction in absenteeism.’
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