Feeds

eBay UK trading to hit £4bn

We're in the money

The next step in data security

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. ®

Security for virtualized datacentres

More from The Register

next story
Phones 4u slips into administration after EE cuts ties with Brit mobe retailer
More than 5,500 jobs could be axed if rescue mission fails
JINGS! Microsoft Bing called Scots indyref RIGHT!
Redmond sporran metrics get one in the ten ring
Driving with an Apple Watch could land you with a £100 FINE
Bad news for tech-addicted fanbois behind the wheel
Murdoch to Europe: Inflict MORE PAIN on Google, please
'Platform for piracy' must be punished, or it'll kill us in FIVE YEARS
Phones 4u website DIES as wounded mobe retailer struggles to stay above water
Founder blames 'ruthless network partners' for implosion
Sony says year's losses will be FOUR TIMES DEEPER than thought
Losses of more than $2 BILLION loom over troubled Japanese corp
Radio hams can encrypt, in emergencies, says Ofcom
Consultation promises new spectrum and hints at relaxed licence conditions
Why Oracle CEO Larry Ellison had to go ... Except he hasn't
Silicon Valley's veteran seadog in piratical Putin impression
Big Content Australia just blew a big hole in its credibility
AHEDA's research on average content prices did not expose methodology, so appears less than rigourous
prev story

Whitepapers

Secure remote control for conventional and virtual desktops
Balancing user privacy and privileged access, in accordance with compliance frameworks and legislation. Evaluating any potential remote control choice.
WIN a very cool portable ZX Spectrum
Win a one-off portable Spectrum built by legendary hardware hacker Ben Heck
Storage capacity and performance optimization at Mizuno USA
Mizuno USA turn to Tegile storage technology to solve both their SAN and backup issues.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
The next step in data security
With recent increased privacy concerns and computers becoming more powerful, the chance of hackers being able to crack smaller-sized RSA keys increases.