Yahoo News Michael Gove wants to make November 1 a bank holiday to avoid no-deal Brexit chaos
Michael Gove has discussed the possibility of a bank holiday on November 1 in a bid to prevent post-Brexit financial chaos.
Mr Gove reportedly discussed the idea at a meeting with business leaders on Thursday.
A bank holiday on November 1 - the day after the UK is due to leave the EU - would mean financial markets stay closed in the immediate aftermath of Brexit, which some people think could help mitigate the impact on the economy.
According to Sky News, the chief executive of the Investment Association floated the idea to Mr Gove, who reportedly said the government would consider the move.
But Downing Street has reportedly said that creating a new bank holiday is not Government policy.
Speculation over the possibility of an extra bank holiday come as Government special advisers were reportedly told to cancel their summer holidays and return to work as part of preparations for a no-deal Brexit on October 31.
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Politico reported that Eddie Lister, one of Boris Johnson’s senior aides, had emailed special advisers to announce all annual leave was cancelled until after October 31, with those with holidays already booked set to be compensated for money already spent.
A Downing Street spokesman told the website: “This is a serious time for the country. We are all incredibly privileged to have these jobs and we need to be getting on with it”.
