Internet auctions boost UK wealth
Published August 17th, 2005
Selling goods via online auction websites such as eBay can boost the average UK household’s wealth by about £3,000, says an economic consultancy.
Over 50,000 people currently generate a sizeable proportion of their income from buying and selling online.
More than £4bn of trading is likely to be carried out on eBay alone this year, said the Centre for Economic and Business Research (CEBR).
This is the equivalent of 1.3% of total UK retail sales, the consultancy said.
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