Can you explain what a 'Bank Holiday' is?

Bank Holidays are a unique part of the UK's cultural calendar, and understanding their purpose is key. The term "Bank Holiday" originates from a time when banks were closed on these days, essentially giving the whole country a day off. The Bank Holidays Act of 1871, introduced by Sir John Lubbock, officially designated certain days as holidays. While initially intended to regulate bank transactions, the effect was much broader. These holidays are observed nationwide, meaning they apply to England, Scotland, Wales, and Northern Ireland. So, when we say a Bank Holiday is a national holiday for all of the UK, it means everyone gets to enjoy a day off work or school, regardless of where they live or what they do. It's not just for bank employees, although they certainly benefit! And while some holidays might be celebrated differently in different regions, Bank Holidays are legally recognized days off across the entire United Kingdom.