The legal position is that there is no obligation on employers to give this (or any other) bank holiday and employers have a number of options:
However, if you have previously given additional one-off bank holidays, e.g. the Royal Wedding in April 2011, but do not intend to give the additional holiday on this occasion, your employees might claim that taking additional one-off bank holidays is ‘custom and practice’ within the business, and that not giving the additional day would be a breach of an implied term of their contract.
Andrea O’Hare, commented “Many businesses decided to give the Royal Wedding as an additional bank holiday to employees and many businesses may choose to do the same with the Queen’s Diamond Jubilee. The legal position is that there is no obligation on employers to give this bank holiday.”
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