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

