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I found this:
The only time someone can get paid in place of taking statutory leave (known as ‘payment in lieu’) is when they leave their job. Employers must pay for untaken statutory leave (even if the worker is dismissed for gross misconduct).
https://www.gov.uk/holiday-entitlement-rights/taking-holiday-before-leaving-a-job
When quitting a job is your employer required by law to pay any unused holiday hours?