We're all not going on a summer holiday

Apparently the recession has put paid to the holiday plans of many British bosses. A likely story...

Last Updated: 31 Aug 2010

Nearly half of the UK’s top executives have cancelled their summer holiday because of the economic climate – or at least that’s the improbable conclusion of a new survey by careers site TheLadders.co.uk, which has been quizzing 500 execs about their vacation plans. The theory is that these stay-at-home bosses either think it’s too expensive to go away, or they’re worried about leaving the office when everything’s so up in the air. But given that we haven’t heard of a single person cancelling their holiday this year, either we have a lot of feckless friends, or these survey respondents were just covering their backs…

More plausibly, the survey found that two-thirds of respondents have changed their plans to some extent as a result of their recession, in most cases by cutting their budget. After all, it wouldn’t look good for the CEO to be floating around the Med on a 60-footer, just after giving half their staff the boot. Some are even ditching the hotel for a camping or caravanning holiday instead (which we’re sure will go down a treat with their nearest and dearest). And another sizeable contingent moaned that the weakness of the pound was making foreign travel too expensive, so they’re holidaying in the UK instead (Blackpool beats Benicassim any day of the week).

We can well believe this, and we can also well believe the statistic that 47% felt uncomfortable taking holidays this year. Some suggested their job prospects were still a bit uncertain; in which case it’s no wonder they’re worried that taking time off might show the powers-that-be that the company can manage perfectly well without them. Others may be worried about their department going to the dogs if they’re not there to keep an eye on things. So you can see why people might be put off holidays at the moment.

As TheLadders rightly points out, this would be a shame: in stressful times, as these undoubtedly are, it actually does overworked execs good to get their nose off the grindstone for a while. However, we wouldn’t worry too much. As far as we’re concerned, there’s no way on earth that nearly half of Britain’s managers have cancelled their holidays. Maybe they’re cutting back a bit; maybe they’re saving the big blow-out holiday for another year. But most will get out of the office somehow. Although we can understand why they might tell us a survey compiler otherwise...

In today's bulletin:

Rich kids get all the best jobs, says Government
Next and Morrisons cheer City with higher profits
Starbucks tries going local
3bn tax bill sends Porsche's VW bid into a spin
We're all not going on a summer holiday

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