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YAHOO POLL: Does cutting public holidays help boost the economy?

YAHOO POLL: Does cutting public holidays help boost the economy?

Yahoo4 days ago
French prime minister, Francois Bayrou has made headlines for his plans to cancel two public holidays as part of radical measures to reduce France's ballooning deficit, boost its economy and manage debt.
Bayrou has suggested scrapping Easter Monday and 8 May (a day commemorating the end of World War II in Europe) which would leave France with nine national holidays.
The French PM believes two extra days of working would add "several billions of euros" to the country but the proposition has been met with fierce criticism from the political left and far right – and calls for Bayrou to face another no-confidence vote.
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But it has also gained some support.
An opinion piece in The Telegraph urged Britain's chief financial minister Rachel Reeves to reconsider national holidays in the UK. "Our debt level is dangerously close to 100% of GDP (in France it's 110%) and we too have a serious productivity problem and every reason to worry about the sustainability of our public finances," wrote Jill Kirby in the piece.
Bayrou's idea is that working two extra days will generate more revenue for the government but economic studies suggest it won't be as simple as that. In fact, there are also studies which conclude that leisure – or an increase in public holidays – can act as an economic boost, up to a certain point.
So, we want to know: Does cutting public holidays help boost the economy?
Related
French PM may scrap two public holidays to reduce country's crippling debt
French PM proposes cutting national holidays to cut debt
France in revolt over PM's proposition to abolish two public holidays as part of budget cuts
France is getting something right: let's scrap a few Bank Holidays
Analysis-France's plan to cull public holidays may not help the economy
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Ryanair boss considers increasing staff bonus to tackle excess baggage ‘scourge'
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Ryanair boss considers increasing staff bonus to tackle excess baggage ‘scourge'

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FTSE 100 LIVE: Markets calm as EU readies plan for no-deal trade scenario with US

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Omdia Forecasts Large-Area Display Shipments to Grow 2.9% YoY in 2025 Despite Economic Uncertainty
Omdia Forecasts Large-Area Display Shipments to Grow 2.9% YoY in 2025 Despite Economic Uncertainty

Yahoo

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  • Yahoo

Omdia Forecasts Large-Area Display Shipments to Grow 2.9% YoY in 2025 Despite Economic Uncertainty

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