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 […]
But Nationwide, the country’s biggest building society, stands accused of hypocrisy and acting just like a bank over its plans to pull out of Bagshot, Surrey, depriving villagers of their only bank or building society branch.
Nationwide announced the closure of the branch at the beginning of the month by putting up a poster […]
Ministers are backing the idea of a ‘cash-for- scrap’ bounty under plans to kickstart the motor industry.
A scheme pioneered in Germany has led to a 21% rise in new vehicle sales in February. By contrast, the number sold here fell by more than 21% last month, the tenth monthly drop in a […]
The vast majority of firms say they have insufficient assets to meet their pension promises, with only 9% of companies still having a surplus.
The figures from the Pension Protection Fund, the body created to bail-out bankrupt pension schemes, revealed a ‘black hole’ of £219bn facing almost 7,800 final salary schemes.
This is up from £191bn […]
Accountancy giant PricewaterhouseCoopers reckons the total annual tax rise needed because of the deepening black hole in the Treasury finances could reach £25bn.
Its report today, which warns that the banking crisis and recession are placing the public finances under ’severe strain’, follows claims in the Commons last night that Labour’s latest bank bail-out means […]
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 […]
With the economy battered by the banking crisis, the Government announced in last year’s Pre-Budget Report that it would cut VAT from 17.5% to 15% in a bid to encourage spending. It came into effect on 1 December 2008 and lasts for 13 months, until 1 January 2009.
The move was predicted to save […]
Inquiries from new buyers increased for the fourth month in a row during February, rising at their fastest pace since August 2006.
But the up-surge in inquiries, failed to translate into transactions, with the average chartered surveyor estate agent agreeing just 9.5 sales during the three months to the end of February, down from 9.8 […]
Writing in the Daily Mail, Deputy Governor Charlie Bean says the Bank will ‘easily’ be able to prevent a new bout of runaway price rises by reselling the assets it plans to buy with the fresh cash.
‘As the economy recovers, so we will probably need to remove some of the extra money in order […]
The wholesale charge that BT imposes on rivals to run internet and telephone services over its network is to rise by more than 35% by 2012.
The increases have brought a warning that as many as 800,000 households will effectively be priced out of having a broadband link to their home.
The criticism is based on […]
© 2008 Daily Financial News