Online auctions sites such as eBay are boosting the average UK household income by about £3,000.
The Centre for Economic and Business Research (CEBR) says that buying and selling online is blossoming, with more than 50,000 people in the UK taking part. More than £4bn of trading is likely to be carried out on eBay alone this year - the equivalent of 1.3% of total UK retail sales. According to Mark Pragnell of CEBR,
“Auction sites are increasing competition, widening consumers’ choice and helping keep down inflation.”
The full story is available on the BBC site.


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