The BBC has been accused of getting a report from the Centre for Economics and Business Research (CEBR) on bank holidays and their effect on the economy totally wrong.
Journalists got their knickers in a twist following a statement from the CEBR, which estimated that each bank holiday in the UK damages the economy by £2.3 billion.
The article claimed that the CEBR wanted these holidays scrapped.
“Each bank holiday costs the UK economy £2.3 billion and scrapping them would boost annual output by £19 billion,” it said.
ChannelBiz tried to contact the CEBR yesterday to get to the bottom of this. However, being a bank holiday, the organisation was out of town. Today it was back in business and told TechEye that the article had been “misinterpreted”.
A spokesperson for the organisation said: ” The research was to do with the value of working time lost during bank holidays.
“We didn’t call for bank holidays to be scrapped – this was taken out of context by the press.”
The full research suggested spreading the holidays out, rather than scrapping them.
Perhaps the Beeb didn’t read until the end of the CEBR’s release, which said: “In a normal year eight holidays is probably not too many – though they could be spaced out a bit better over the year.”
That said, certain corners of big industry would probably rather their serfs work seven day weeks. Some, we imagine, would identify the hours between 10pm and 5am as the perfect holiday – every day.