Further, if you require a number of links to other sites in your top navigation menu, you could actually do with hiding this
-where 'UK Accounts' was used instead of 'Home' as it is the name of my first home tab to hide. This approach is just looking for a text on the page and it hides it. You probably gather, it has some disadvantages too.
As you can see in the picture above, the phrase/name we are hiding on a page is also removed from Titles of web parts (e.g. Calendar), subjects names of the discussion posts (note a doted red line where 'UK Accounts' is present in the main body of a post- just the subject title is removed).
Overall, it is not very good approach don't you think? Especially when the phrase 'UK Accounts' may be used for other objects available on that page.
Going back to the original naming in SharePoint, the word 'Home' sounds like an appropriate word to be used for hiding a root site tab. I do not think users and admins will use this word to refer to any of their work.
This is the result:
Part of the site collection logo contains a reference to the actual site collection so users will always know they are on the 'UK Accounts' pages.
When you dive deeper into the Site Collection pages, respective sites' root pages names would have to stay unchanged. They can no longer be changed to 'Home' because users would again see UK Accounts - Home as opposed to UK Accounts - UK Budget for example on a Logo-Page title level.