News in Review Wednesday 12th August 2026 - HCR IFA
News in Review Wednesday 12th August 2026

News in Review Wednesday 12th August 2026

Public spending to support British jobs, consumers face more expense, UK service sector returned to growth and house price update

Key takeaways:

  • Organisations are to be assessed on the creation of high-quality jobs and local skills development
  • The exceptionally hot spring and summer could put further pressure on household food bills, according to analysis
  • S&P Global Services PMI confirmed the UK service sector recorded its first increase in business activity for three months