A YOUNG entrepreneur has started a business with nothing but hard work and enough money from his parents to buy a Ferrari.

Plucky Tom Logan has started making 'organic flip-flops' in a specially built workshop in the grounds of his parents’ weekend home in the Cotswolds.

Logan, who has yet to make a sale, said: “When I came into this shed I had nothing more than the Comme de Garcons shirt on my back.

“I’m an example of what you can do if you have unreasonable confidence in yourself and been given everything you wanted.

“I truly believe this business will work. If it doesn’t, I’ll think of some other nonsense or steal an idea off someone else.”

Tory MP Jacob Rees-Mogg said: “This is what modern Britain needs - young people putting their parents’ tax-free cash from offshore accounts towards harebrained ideas, and doing it all again when it inevitably goes wrong.”