Some 43 per cent of top executives are scrapping holiday plans this summer because of the recession, concludes a survey of 500 British bosses from recruitment service TheLadders.co.uk.

Some 43 per cent of top executives are scrapping holiday plans this summer because of the recession, concludes a survey of 500 British bosses from recruitment service TheLadders.co.uk.

An overall 63 per cent of respondents have changed their plans, with more than half revealing a holiday budget cut whilst nearly a quarter deciding to stay at home altogether.

Derek Pilcher, MD of TheLadders.co.uk says, ‘Having a strong work ethic is admirable in times of economic difficulty but being able to put some distance between yourself and your office can bring greater perspective.’

A separate survey from stationery company Euroffice.co.uk suggests that half of UK managers intend to contact the office this summer while away on holiday, with a quarter checking in once a day.