The high cost of bank holidays may have influenced the decision, with the Platinum Jubilee costing £2.4 billion. / Credit: ducu59us via Shutterstock

The UK government has confirmed that there will be no additional bank holiday in 2025 to commemorate the 80th anniversary of Victory in Europe (VE) Day. Instead, commemorative events will be incorporated into the existing early-May bank holiday.

A Downing Street spokesperson stated, “The 80th anniversaries of Victory in Europe Day and Victory in Japan Day are moments of huge significance. We’ll honour them with fitting events, using the early-May bank holiday for commemorative activities. There are no plans for an additional holiday.”

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Economic considerations influence decision

The decision to forgo an extra bank holiday is influenced by economic factors. Research indicates that an additional bank holiday could cost the UK economy approximately £2.4bn.

This concern mirrors the financial impact observed during the late Queen Elizabeth II’s Platinum Jubilee in 2022, which also resulted in significant economic costs.

Hospitality industry expresses disappointment

The hospitality sector has expressed disappointment over the government’s decision. Industry leaders argue that bank holidays provide a substantial boost to businesses, especially in challenging economic climates.

A UKHospitality spokesperson noted, “Bank holidays are always occasions when Brits choose to visit a local pub, have a meal out or plan a long weekend, and this inevitably provides a boost to hospitality businesses.”

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Similarly, a representative from the Campaign for Real Ale (CAMRA) emphasized, “Bank holidays represent brilliant opportunities for the beer and pub industry. They provide an extra day of support for pubs, social clubs and taprooms who are looking to improve trade.”

While the government plans to honour the 80th anniversary of VE Day within the existing bank holiday schedule, the decision not to add an extra day has been met with criticism from the hospitality industry, which views such occasions as vital for economic stimulation and community engagement.