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