Nostalgia and the profit motive have created a market in old phone kiosks

  • 📰 TheEconomist
  • ⏱ Reading Time:
  • 20 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 92%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

People have found a way to keep some of Britain’s red telephone boxes useful and profitable in the mobile age

Edward Ottewell, who owns the kiosk, seems to have found a way to keep it, and others around Britain, useful and profitable. He has bought more than 100 and rents some out for a few thousand pounds a year. One, a few streets from the one Mr Baker rents, houses a cupcake machine. Another is home to acode that offers discounts for an ebike-share scheme. Mr Ottewell also sells kiosks on Bidx1, an online platform. The one Mr Baker rents is on the market for £57,500 .

So far, so standard for the “law of rent”, according to which the person who owns a scarce resource reaps the profit when that resource is put to productive use. But nowis threatening legal action. In May it served a legal letter to Mr Ottewell’s company and charity, saying that they were not “honouring their contractual obligations” and disputing the right of either to sell the kiosks.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 6. in İE
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Ireland Ireland Latest News, Ireland Ireland Headlines