The government has stated that a new bank holiday to honour England's achievement of reaching the Euro 2020 final 'isn't being considered'.
Gareth Southgate's side suffered a heartbreaking penalty shoot-out defeat to Italy in Sunday's final at Wembley, which was the Three Lions' first appearance in a major tournament final in 55 years.
While the squad ultimately fell short, the performances have earned a wealth of praise across the country having progressed further than any other side in over half a century.
However, while Boris Johnson's spokesman confirmed discussions were underway to honour the squad, a new bank holiday is not on the cards.
“We’ll be talking to the FA to identify a suitable way for the Prime Minister to thank the players and coaching staff for their efforts. But a bank holiday is not something that is being considered.”
England and Wales have eight standard bank holidays in a calendar year, which is fewer than Scotland, Northern Ireland, the Isle of Man, Jersey and Guernsey.
The Queen can proclaim an additional bank holiday, as she did in 2012 to mark her Diamond Jubilee, as well as moving current bank holidays via a royal proclamation.
In 2019, the Early May Bank Holiday was moved from Monday 4th May to Friday 8th May to mark the 75th anniversary of the allied forces' victory in Europe in World War Two.
In 2022, the Queen will celebrate her Platinum Jubilee and it has been reported that the UK will witness a four-day bank holiday to commemorate the occasion.
With no new bank holiday from the Euros, the next bank holiday in England is set for Monday, August 30th.
