But the PM's spokesperson told reporters on Tuesday the government's plans "do not include an additional bank holiday".
"We we will look to use the existing May Day bank holiday for commemorative events,” they said.
“We are committed to commemorating these nationally important occasions appropriately which is why we have announced more than £10m to mark them".
They added there was always an "important balance to be struck" when it came to requests for extra bank holidays, given the "impacts for businesses, services and the broader economy which need to be taken into account".
The early May bank holiday, traditionally celebrated on a Monday, was moved back four days to carve out a three-day weekend for commemorative events on the 75th anniversary of VE Day in 2020.
The holiday was also changed from 1 May to 8 May to mark the 50th anniversary of the end of WW2 in Europe in 1995.
Last year saw an additional bank holiday created on 8 May to mark the coronation of King Charles two days earlier.
There were two additional bank holidays in 2022: one to mark the day of the late Queen's funeral, and another for the Platinum Jubilee to create a four-day weekend for commemorative events in early June.