From The Telegraph:
Tim Coates, whose ebook store Bilbary was announced earlier this week, said that the difference in costs between selling a physical book and an ebook meant that digital versions should be much cheaper.
Mainstream publishers “don’t want to do renting at the moment”, Coates said but he said he expected that to change “in a year or so”.
He said Bilbary would also partner with libraries, allowing customers to buy books with the money going to their local library. The site has been working with library services in the US but Mr Coates said it was much harder to do the same thing in Britain.
“It isn’t funding that’s the problem with the English public library system,” he said, “they’re so badly run.”
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NOTE: We’ve reached out to Bilbary to learn more about the libraries they’re partnering with in the U.S.