Feeds

eBay UK trading to hit £4bn

We're in the money

SANS - Survey on application security programs

Trading on eBay UK is likely to hit £4bn this year - equivalent to 1.3 per cent of all UK retail sales, the Centre for Economic and Business Research (CEBR) has predicted. And all of this ecommerce action could represent a £3,000 per annum boost for the average UK household, the CEBR told the BBC.

In all, more than 50,000 Brits are currently happily eBaying away, taking advantage of the general boost in the value of second-hand stuff provoked by a cost-free disposal platform which maximises the potential profit from goods.

Naturally, this online orgy of capitalism is good for the economy generally, because "auction sites are increasing competition, widening consumers' choice and helping keep down inflation - both online and on the High Street", as EBR supremo Mark Pragnell explained.

One of the CEBR report's authors, Laura Phaff, added: "If people realise that they have sellable goods sitting in their cupboards, it ought to increase consumers' confidence just like any other unexpected boost to wealth."

Of course, it's not quite that simple. While reader Paul Gale told the BBC: "Thanks to these online auction sites, we can again be a nation of shopkeepers. I use a popular auction site. It's great fun, easy and a very good way to get rid of unwanted stuff.. a lot warmer than a car boot sale", an otherwise anonymous Jacqueline warned: "I personally would not use a site like ebay or any other auction site as there is little to no regulation of goods sold on there. As a buyer there is little protection and recently such sites have been subject to abuse for people running small businesses under the tax man's radar as well as the increase and seemingly acceptability of ticket touting on such sites."

Indeed, eBay UK recently pulled an illegal Live 8 DVD auction shortly after Saint Sir Bob Geldolf himself called for a complete boycott of the auction site due to a Live 8 ticket sale outrage. ®

High performance access to file storage

More from The Register

next story
Sorry London, Europe's top tech city is Munich
New 'Atlas of ICT Activity' finds innovation isn't happening at Silicon Roundabout
Dropbox defends fantastically badly timed Condoleezza Rice appointment
'Nothing is going to change with Dr. Rice's appointment,' file sharer promises
Audio fans, prepare yourself for the Second Coming ... of Blu-ray
High Fidelity Pure Audio – is this what your ears have been waiting for?
MtGox chief Karpelès refuses to come to US for g-men's grilling
Bitcoin baron says he needs another lawyer for FinCEN chat
Did a date calculation bug just cost hard-up Co-op Bank £110m?
And just when Brit banking org needs £400m to stay afloat
Zucker punched: Google gobbles Facebook-wooed Titan Aerospace
Up, up and away in my beautiful balloon flying broadband-bot
Apple DOMINATES the Valley, rakes in more profit than Google, HP, Intel, Cisco COMBINED
Cook & Co. also pay more taxes than those four worthies PLUS eBay and Oracle
prev story

Whitepapers

Designing a defence for mobile apps
In this whitepaper learn the various considerations for defending mobile applications; from the mobile application architecture itself to the myriad testing technologies needed to properly assess mobile applications risk.
3 Big data security analytics techniques
Applying these Big Data security analytics techniques can help you make your business safer by detecting attacks early, before significant damage is done.
Five 3D headsets to be won!
We were so impressed by the Durovis Dive headset we’ve asked the company to give some away to Reg readers.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Securing web applications made simple and scalable
In this whitepaper learn how automated security testing can provide a simple and scalable way to protect your web applications.