But his tiny eBay shop soon became a major success, selling everything from mobile phone accessories to protein supplements.
Now the garage has made way for a massive warehouse and 30-year-old Mr Radcliffe has become the UK’s first eBay millionaire.
He owns a £700,000 home with a £150,000 Ferrari and a £118,000 Aston Martin in the […]
The two major markets, stock market and the property market have tumbled tremendously as a result of the financial crisis. Bank has adopted strict policies that have tightened the outgoing loans and it has aggravated the whole economy with its credit crunch. Most of the people’s 401K accounts have started shrinking and they are getting […]
Experts are battling to interpret data and use it to predict the next turn of events, but few, if any, foresee a swift return to stability and growth.
However, a rift is forming between those who fear a resurgence of inflation, sparked by rampant government spending, and those who fear the opposite - a long […]
Despite the ongoing stock market bedlam embattled investors appear be taking a more aggressive approach to investing in the next tax year.
Given that the Bank of England has continually been hacking away at the bank rate since last October, the sentiment should arrive with minimal surprise.
With interest rates now standing at a […]
Spencer Winfield at stockbroker Charles Stanley replies: Warren Buffett, arguably the most famous US fund manager, once said that to be a good investor ‘one should be fearful when all around you are greedy and greedy when all around are fearful’.
It is presumably with this sentiment in mind that some investors started […]
The Bank of England cut the base rate from 1% to just 0.5% last week - the lowest level ever.
Though it is devastating for savers, it means many existing tracker borrowers will see the rate they pay on their mortgage fall for the sixth consecutive month. Trackers are popular because the rate paid moves […]
Almost 30,000 individuals filed for bankruptcy in the last three months of 2008, according to figures recently released by the Insolvency Service, an increase of almost a fifth on the year before.
This is expected to rise further as recession grips the UK and unemployment continues to soar.
These people will eventually have to apply for […]
Lloyds Banking Group and the Treasury were thrashing out terms of a deal to insure more than £250bn of the bank’s toxic assets.
It would see the taxpayer increase its stake in Lloyds from 43% to as much as 70%. But Lloyds is reluctant to hand too much control to the Government and the bank and […]
Does this mean they are doing a terrible job or are they excluded because they are not open to all.
How do I find out their performance compared to others? S.B., Wirral, Cheshire
Simon Moon from This is Money replies: I put your question to the Police Mutual Assurance Society (PMAS) who […]
A staggering £2.3bn was pulled from bank deposit accounts in January, and a further £390m was withdrawn from building societies as the rates on savings plunged to an alltime low.
Meanwhile, a record £1bn was ploughed into corporate bond funds in the same month.
These are effectively IOUs issued by companies on which they pay interest.
But […]
© 2008 Daily Financial News