Holiday pay

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The Problem

So off I go on holiday to the sunny climes of the Mediterranean; an escape from the office for a precious two weeks’ break.  Whilst getting paid by my employer to lie on a sun lounger and sip sangria, a thought flashes through my mind – “can I afford another sangria?”  Put another, more legal way, am I being paid the right amount of money for being on holiday or am I being underpaid?