Lawmaker suggests renaming bank holidays as "Lubbock Days" - KCBD NewsChannel 11 Lubbock

Lawmaker suggests renaming bank holidays as "Lubbock Days"

Sir John Lubbock, image from public domain.  Lubbock introduced the Bank Holidays Act in 1871. Sir John Lubbock, image from public domain. Lubbock introduced the Bank Holidays Act in 1871.

In light of this week's latest banking scandal at Barclays, a British lawmaker suggests that the so-called bank holidays in England, Wales, and Ireland be renamed as "Lubbock Days."

In England, the modern basis for recognizing bank holidays dates back to 1871 when Sir John Lubbock introduced the Bank Holidays Act – although banks had previously recognized certain religious festivals and Saints' days.

According to Wikiepedia, the English people were so thankful that they called the first Bank Holidays "St. Lubbock's Days" for a while, a claim repeated by the BBC.

The BBC quotes Lord Ian McColl of Dulwich as saying it's time to go back to the original name. "In view of the poor behaviour [sic] of the banks, could we consider changing the name bank holiday back to its original name - Lubbock days?"

The BBC quotes Treasury Minister, Lord Sassoon as saying it's a, "fascinating suggestion."

Copyright 2012 KCBD.  All rights reserved.

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