MORE than 75 business-owners and professional advisers braved the snows to attend a Budget analysis event held by Huddersfield accountancy firm Wheawill & Sudworth at the town’s Greenhead Masonic Hall.

Wheawill & Sudworth tax partner Colin Barratt highlighted a range of new tax breaks designed to help investment and growth in local businesses, commenting: “The proposed £2,000 National Insurance allowance should hopefully encourage both job creation and retention.”

Guest analyst Chris Hills, chief investment officer at Investec Wealth & Investment, provided an over-view of recent national and global economic trends together with his thoughts on short-term future prospects.

And David Butterworth, of Wheawill & Sudworth, analysed a range of tax incentives for UK companies, explaining: “Significant benefits are available for many local businesses in the form of R&D tax credits, enhanced capital allowances for expenditure on energy and water saving equipment and lower tax rates under the new Patent Box Tax scheme.”