Correct me if I'm wrong, but aren't you required to work an average of 34.75hrs per week? (or 9-5 Monday to Friday with an hour for lunch and half an hour off once a fortnight?)
If so, then the so-called "bank time" is part of your contract. Similarly, the two 'privilege days' are part of your annual leave allowance. Any move to deny these conditions would amount to a unilateral breach of contract on the part of your employer, and you would be completely within your rights to take action to remedy this breach.
A lot of posters seem to be of the impression that employers are entitled to cut their employee's pay and/or leave allowances however they see fit. They aren't. And the original rationale for introducing particular conditions are largely irrelevant once they've been introduced. "Bank time" was never contingent on staff marching off to the bank to cash their wage cheques, and 'privilege days' have nothing to do with going down the country on a bank holiday weekend. They're in place simply because they were put in place. They now form part of the contract of employment. That contract cannot be altered without the agreement of both parties.



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