Diamond Jeopardy for Small Businesses
Over half of small businesses will be boycotting the Diamond Jubilee bank holiday in June according to a new poll, with the cost of being part of the party proving to much for those expected to cover the costs of this national celebration.
Conducted by business services firm ELAS, the poll showed that nearly two-thirds of small businesses had decided to continue business as normal or reduce the additional bank holiday from staffΓÇÖs existing holiday allowance.
ΓÇ£This is the second year running that businesses have been asked to foot the bill for a royal celebration.ΓÇ¥ explained Peter Mooney, Head of Consultancy at ELAS.
ΓÇ£While most people donΓÇÖt want to begrudge the Queen wanting to celebrate 60 years on the throne, these are businesses which are in many cases already hard-pressed to make ends meet, and which simply cannot afford another dayΓÇÖs lost trade.
ΓÇ£But this is going further than just being unhappy; this suggests that the majority of bosses are either opening their doors as usual or forcing staff to take the day out of their annual leave entitlement so as to mitigate the negative effects of a lost dayΓÇÖs trade.ΓÇ¥
With some reports suggesting that last yearΓÇÖs Royal Wedding cost the UK economy up to ┬ú30 billion pounds, it is perhaps not surprising that businesses are reluctant to hang the bunting and hand out an additional day off ΓÇô during which it is expected many of the nationΓÇÖs servants ΓÇ£mightΓÇ¥ watch the highlights on the telly after a day spend avoiding the procession and pomp.
ΓÇ£ItΓÇÖs not only the extra day which employers have to deal with, itΓÇÖs the rush of requests they then get for people wanting to take the remaining three days off to create 10 days out of the office for only three daysΓÇÖ leave.ΓÇ¥ continued Mooney.
ΓÇ£Add to that the demand for time off during the Olympics and businesses face a summer of skeletal staff in addition to the usual six weeks of school holidays they are used to.ΓÇ¥
Of course this kind of reaction to the pressures being forced on businesses is not new, with our very own Jim Venables leading the charge on last yearΓÇÖs Royal Wedding ΓÇô details of which can be found HERE.