Pal up around English skip (4)
I believe the answer is:
leap
'skip' is the definition.
(I know that skip is a more specific form of the action bounce)
'pal up around english' is the wordplay.
'up' is a reversal indicator (in down clue: letters go upwards).
'around' means one lot of letters goes inside another.
'english' becomes 'e' (abbreviation).
'pal' backwards is 'lap'.
'lap' placed around 'e' is 'LEAP'.
(Other definitions for leap that I've seen before include "Sudden surge" , "'Look before you . . . .'" , "Spring suddenly" , "Jump a long way" , "vault" .)