Explained in plain English
What is the service sector?
The service sector is a huge part of the UK economy, covering everything from shops and restaurants to banks and hairdressers. When it grows, it means these businesses are doing well, hiring more people, and making more money. This often leads to a stronger economy overall, which is good news for jobs and wages.
Stories that explain this
Pound strengthens as the UK service sector returns to growthThis explainer came from a news story
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