REUTERS | Denis Balibouse

“Cutting out the middle man” is a well-known fact of life (making the expression gender neutral is more difficult). Whether it is selling your house privately to cut out the estate agent or disposing of your car through a private “ad” rather than via the local garage, opportunities abound to save costs by dealing direct with the other party. Even a luxury holiday can come into the frame: book that chalet in Verbier with the owner and you can save yourself the agency charges that would apply should it instead be reserved through a tour operator. So the upshot of the story is that the middle man loses out and the consequences are there to see: estate agents close down and household names go bust. Continue reading