Should students be allowed to miss school to go on holiday?

This week the Captain Underpants reading group were thinking critically about a current event and coming up with their own personal responses.

They weighed up the positives and negatives to the new law change in the UK which bans students from being taken out of school for holidays during the school term.
http://www.kiwikidsnews.co.nz/students-allowed-miss-school-go-holiday#comment-24384

Every group member sided with the 125,000 people who had signed a petition against this change.

Here is Yuan's response:
"Students should be allowed to miss school so that they can visit their friends or family and explore some interesting places. Also they could learn more about incredible things and write about these in their diary or journal."

What do you think about this new law?