Weekly Business News - 23 June 2025

Business news from 23 June 2025 provides a multi-faceted overview of developments impacting UK businesses. Key areas covered include guidance on property ownership for investment purposes, highlighting the tax and administrative differences between personal and company holdings. The text also announces the appointment of a new Small Business Commissioner to tackle late payments, a persistent issue for SMEs, and reports that the Bank of England base rate remains unchanged, offering stability in borrowing costs. Additionally, there are discussions on upcoming procurement rule changes that will favour businesses creating local jobs and skills on public projects, and the launch of a £16 billion National Housing Bank aimed at boosting housebuilding and regeneration. Finally, the sources touch upon a longer accreditation period for legal aid providers to reduce administrative burden and financial support for Oxford businesses affected by railway works.

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