Dear MEL Topic Readers,
Denmark's new government drops public holiday to boost defence budget
It seems like a quite progressive decision for a fragile coalition government to scrap a national holiday even in the name of defense while the country is not at war. Denmark’s Social Democrat-Liberal-Moderate coalition recently announced that it will scrap one of the 11 national holidays to boost productivity and the economy in a bit to increase the defense budget. As Denmark is a member state of NATO, the North Atlantic Treaty Organization, it is required to spend 2% of the nation’s gross domestic product, GDP, and it is one of the government’s priorities to meet the target. A day in a year represents less than 0.3%. Will Denmark manage to improve productivity and increase outputs more than that? Also, some businesses will lose sales for holiday-related products and services. Even though no one likes losing a holiday, prevention is cheaper than treatment in general. Another option could be a higher tax, which no one likes. War in Ukraine might convince people to work an extra day.
Read the article and think about what is like to lose a holiday.
https://www.bbc.com/news/world-europe-63982819
Denmark's new government drops public holiday to boost defence budget
It seems like a quite progressive decision for a fragile coalition government to scrap a national holiday even in the name of defense while the country is not at war. Denmark’s Social Democrat-Liberal-Moderate coalition recently announced that it will scrap one of the 11 national holidays to boost productivity and the economy in a bit to increase the defense budget. As Denmark is a member state of NATO, the North Atlantic Treaty Organization, it is required to spend 2% of the nation’s gross domestic product, GDP, and it is one of the government’s priorities to meet the target. A day in a year represents less than 0.3%. Will Denmark manage to improve productivity and increase outputs more than that? Also, some businesses will lose sales for holiday-related products and services. Even though no one likes losing a holiday, prevention is cheaper than treatment in general. Another option could be a higher tax, which no one likes. War in Ukraine might convince people to work an extra day.
Read the article and think about what is like to lose a holiday.
https://www.bbc.com/news/world-europe-63982819
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