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I wouldn't get rid of bank holidays for more flexibility to be honest. They tend to be great for managing workflow, I have just started a new job this week so not a great example but there tends to be a bit of a wind down in the couple days before bank holidays and an easing back in after.
If clients weren't trying to avoid certain dates to set deadlines my work-life balance would be far worse.
100% agree.
Also I feel all that would happen is employers would start to pressure people when to take their bank holidays.