What We Want from the Chancellor; Cut Corporation Tax": Small Business Owner Paul Green with Wife Helene and, from Left, Children Florence, Edward and Amelia

The Evening Standard (London, England), November 24, 2008 | Go to article overview

What We Want from the Chancellor; Cut Corporation Tax": Small Business Owner Paul Green with Wife Helene and, from Left, Children Florence, Edward and Amelia


'I'm scared my savings are at risk'

THE FAMILY

THE GREENS Paul and Helene Green, both 47, and children Amelia, 14, Edward, 11, and Florence, nine.

Jobs: Mr Green is chief executive of energyhelpline.com and his wife is the company finance director Home: Rent a six-bedroom house in Marden, Kent Status: Married, three children.

Income: [pounds sterling]200,000+ combined.

[pounds sterling]10,300+ per month after tax Monthly outgoings: [pounds sterling]8,850, including [pounds sterling]2,750 rent, [pounds sterling]2,500 school fees, [pounds sterling]850 food and [pounds sterling]330 on petrol..

Mr Green said: "The thing that frightens me is the fact that my savings are at risk.

"I don't have a mortgage, although we might buy soon as property has become so cheap. But I do have a relatively large amount of money in the bank, which has made me nervous recently as I worry it could all be taken away from me. I've had to spread it around a lot.

"I want the Chancellor to announce there's no limit to the level of deposits the Government will guarantee.

"Also, as the owner of a small business, I think the rate of corporation tax should be cut to 10 per cent so companies still have funds to invest and grow during these difficult times and get the country moving again.

"I don't think tax breaks should be targeted at just one group, such as the low earners. They should be spread fairly across the population."

UNEMPLOYED EX-CITY WORKER 'Ease the tax burden on business so I can get a job again'

JON BELINFANTE, 41 Job: Investment banker recently made redundant, looking to return to the City Home: Owns a house in East Finchley Status: Single, no children Income: [pounds sterling]60 a week unemployment benefit plus remains of [pounds sterling]20,000 redundancy pay-off from start of last month. Previously earned a package worth about [pounds sterling]80,000 Monthly outgoings: [pounds sterling]1,500 including [pounds sterling]350 mortgage.

"I've dramatically cut my overheads, going out far less and spending less on food while I look for a new job. I want the Government to stop screwing businesses to the wall with tax. If you eased the tax burden, businesses would survive and grow in the recession and I'd be more likely to get a job again. And the Government would reap the benefits in higher tax revenue.

"I'd rather Darling focused on the supply side to get this country moving again. There's no point throwing money at people when they may just save it. New Labour used to look like it was about freeing up business but now it's just reverted back to the old model of a big state and too much intervention, which doesn't work."

HOMEOWNER 'Review stamp duty to help first-time buyers'

PAUL RABLEN, 28 Job: Corporate banking analyst Home: Owns a two-bedroom flat in Hackney with a friend Status: Single, no children Income: [pounds sterling]40,000 to [pounds sterling]60,000, or [pounds sterling]2,000 to [pounds sterling]3,000 per month after tax and pension Monthly outgoings: [pounds sterling]2,500 including [pounds sterling]750 mortgage, [pounds sterling]200 household bills and [pounds sterling]300 towards savings.

"In some ways I'm cushioned from the credit crunch in that I have a fairly high disposable income, no children and I haven't stretched myself with the mortgage.

"But I'd like the Government to make sure the banking sector is secure so my job is safe. The most important thing is to keep people employed, which will produce more tax.

"I'd like to see stamp duty reviewed to help first-time buyers. We're not too worried about going into negative equity as we bought before the market peaked. In any case, with the entire market depressed the next place either of us buys is likely to have fallen in value as well so we'd only realise a loss if we moved abroad. We bought a house to live in, not to sell speculatively. …

The rest of this article is only available to active members of Questia

Already a member? Log in now.

Notes for this article

Add a new note
If you are trying to select text to create highlights or citations, remember that you must now click or tap on the first word, and then click or tap on the last word.
One moment ...
Default project is now your active project.
Project items

Items saved from this article

This article has been saved
Highlights (0)
Some of your highlights are legacy items.

Highlights saved before July 30, 2012 will not be displayed on their respective source pages.

You can easily re-create the highlights by opening the book page or article, selecting the text, and clicking “Highlight.”

Citations (0)
Some of your citations are legacy items.

Any citation created before July 30, 2012 will labeled as a “Cited page.” New citations will be saved as cited passages, pages or articles.

We also added the ability to view new citations from your projects or the book or article where you created them.

Notes (0)
Bookmarks (0)

You have no saved items from this article

Project items include:
  • Saved book/article
  • Highlights
  • Quotes/citations
  • Notes
  • Bookmarks
Notes
Cite this article

Cited article

Style
Citations are available only to our active members.
Buy instant access to cite pages or passages in MLA, APA and Chicago citation styles.

(Einhorn, 1992, p. 25)

(Einhorn 25)

1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

Cited article

What We Want from the Chancellor; Cut Corporation Tax": Small Business Owner Paul Green with Wife Helene and, from Left, Children Florence, Edward and Amelia
Settings

Settings

Typeface
Text size Smaller Larger Reset View mode
Search within

Search within this article

Look up

Look up a word

  • Dictionary
  • Thesaurus
Please submit a word or phrase above.
Print this page

Print this page

Why can't I print more than one page at a time?

Help
Full screen

matching results for page

    Questia reader help

    How to highlight and cite specific passages

    1. Click or tap the first word you want to select.
    2. Click or tap the last word you want to select, and you’ll see everything in between get selected.
    3. You’ll then get a menu of options like creating a highlight or a citation from that passage of text.

    OK, got it!

    Cited passage

    Style
    Citations are available only to our active members.
    Buy instant access to cite pages or passages in MLA, APA and Chicago citation styles.

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn, 1992, p. 25).

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn 25)

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences."1

    1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

    Cited passage

    Thanks for trying Questia!

    Please continue trying out our research tools, but please note, full functionality is available only to our active members.

    Your work will be lost once you leave this Web page.

    Buy instant access to save your work.

    Already a member? Log in now.

    Author Advanced search

    Oops!

    An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.