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Business News

'£6bn' cost of extra day off


The extra bank holiday for the Queen’s Diamond Jubilee could have cost the economy up to £6bn in lost output, the Office for National Statistics said yesterday.

Its latest article suggested the celebrations last June would  have reduced GDP by “0.3 to 0.4 percentage points” in the second quarter of 2012.

Tt was impossible to assess the precise impact of the Olympics, although ticket sales added 0.2 percentage points, rhe ONS added.