Beautiful Virgin Islands

Wednesday, Apr 02, 2025

UK Government Proposes Cap on Resale Ticket Prices to Combat Touts

Public consultation launched to address inflated resale ticket prices and enhance consumer protection in the live events sector.
In a decisive move to protect consumers from exorbitant ticket resale prices, the UK government has announced plans to cap the price at which tickets for live events can be resold.

This development aims to address long-standing issues in the live events industry, where tickets are often purchased in bulk by resellers and sold at highly inflated prices, much to the frustration of genuine fans.

The cap will apply to tickets across various live events, including music concerts, sports events, comedy shows, and theatre performances.

This initiative comes in response to widespread consumer complaints, with reports indicating that resale tickets can sell for as much as six times their original face value.

The Competition and Market Authority (CMA) has conducted analyses revealing that tickets are typically marked up by over 50% on resale sites.

Fans of artists such as Coldplay and Taylor Swift have frequently encountered situations where tickets sell out within minutes, only to reappear at exorbitant prices on resale platforms.

A public consultation will seek input from stakeholders on the specifics of the cap, considering options ranging from limiting resale prices to the original ticket cost, to allowing a markup of up to 30%.

Additionally, the government is exploring new legal obligations for resale platforms to ensure transparency and accuracy in ticket information.

Trading Standards and the CMA are poised to enforce these regulations.

Culture Secretary Lisa Nandy expressed the government's commitment to "strengthen consumer protections, stop fans getting ripped off, and ensure money spent on tickets goes back into our incredible live events sector." This aligns with the government's broader efforts to enhance consumer rights and prevent unfair practices in the marketplace.

Included in the consultation process is a call for evidence on dynamic pricing, a system that adjusts prices based on demand, often leading to higher costs for consumers at peak times.

This initiative seeks to assess whether the current ticketing system adequately protects fans from these increasingly common strategies.

The music industry has met this announcement with cautious optimism.

UK Music, representing the sector, has expressed support for a clear pricing cap.

Artists, including renowned DJ Fatboy Slim, have welcomed the move, viewing it as a positive step toward empowering fans.

Ticket resale platforms have had mixed reactions.

Viagogo and Ticketmaster have indicated their willingness to participate in the consultation, with Ticketmaster highlighting its existing cap on resale prices.

Both companies recognize the need for a balanced approach that safeguards consumers without stifling market operations.

Campaign groups like FanFair Alliance advocate for stronger measures, pointing to Ireland's successful ban on ticket touting as a model for effective regulation.

Sharon Hodgson, an MP active in this campaign, encourages all affected by inflated prices to engage with the government's consultation process.

The proposals represent a significant effort by the UK government to tackle issues within the ticket resale market.

As the consultation process unfolds, stakeholders across the industry will be keenly watching to see how these proposed changes are implemented and their potential impact on ticketing practices.
Newsletter

Related Articles

Beautiful Virgin Islands
0:00
0:00
Close
Europe Pursues Digital Autonomy Amidst Transatlantic Strains
OpenAI Lands Unprecedented $40 Billion Funding.
Charity Chairwoman Accuses Prince Harry of Bullying and Harassment
DOGE revealed that USAID provided $84 million to the Clinton Foundation. Of this amount, $3 million was spent on Chelsea Clinton's wedding, and $10 million was used to acquire a lavish mansion.
The State Department has announced the formal closure of USAID.
Apple's Innovation Deficit: Falling Behind in AI and Foldable Technology as Chinese Developments Progress
President Trump Proposes Military Intervention to Obtain Greenland
Passenger Taken into Custody After Engaging in Masturbation on SWISS Air Flight
Barcelona player Dani Alves found not guilty of rape accusations.
PUTIN'S LIMOUSINE DETONATES—SECURITY CHAOS ENSUES
French Foreign Ministry Denounces U.S. Interference in Corporate Diversity Initiatives
Copyright Issues Emerge as AI-Generated Studio Ghibli Images Gain Popularity
This is what we refer to as CREATIVITY.
Removing the Political Opponent Means Dismissing the Remnants of Turkey's Economy.
Malaysia Strengthens Semiconductor Regulations in Response to U.S. Pressure to Restrict AI NVIDIA Chip Exports to China.
OpenAI Launches New Image Generation Tool for ChatGPT
Ex-FIFA President and French Football Icon Acquitted of Corruption Allegations
National Security Advisor Mike Waltz Under Investigation After Journalist Added to Secret Military Chat
Ex-Business Partner of Hunter Biden Discusses Possible Pardon from President Trump
U.S. Attorney General Announces Task Force to Prosecute Government Fraud
American Brands Face Consumer Boycott in Europe Amid Escalating Trade and Political Tensions
White House Investigates Security Breach After Journalist Accidentally Added to Secret Yemen Strike Chat
Samsung Executive Han Jong-hee Dies Suddenly Amid Ongoing Corporate Challenges
German President Frank-Walter Steinmeier has just signed off on a national debt hike to fast-track Germany’s militarization
Heathrow Airport Restarts Services as Investigation into Power Outage Commences
Pope Francis Released from Hospital Following Pneumonia Treatment
Pope Francis Appears in Public for the First Time in Five Weeks After His Hospital Stay
Usha Vance to Head U.S. Delegation During Greenland Visit Amid Discussions on Annexation
Trump suggests US could join British Commonwealth if offered by King Charles
Elon Musk Files Lawsuit Against Jamaal Bowman for Defamatory Remarks
European Countries to Boost Defense Expenditures in Response to Changes in U.S. Assistance
Iconic Boxer George Foreman Dies at 76
European Airline Shares Fall Following Disruption from Heathrow Power Outage
Pope Francis Set to Leave Hospital Following Recovery from Pneumonia
Thousands Take to the Streets in Amsterdam to Protest Racism and Fascism
Revealing the Electromagnetic Characteristics of the Great Pyramid of Giza
President Trump Cancels Security Clearances for Notable Political Figures.
The Development of China's Automotive Sector
Netanyahu Dismisses Shin Bet Chief Amid 'Loss of Trust' and 'Qatargate' Corruption Investigations Involving Netanyahu's Advisors
UK Conservatives Remain Optimistic Despite Polling Challenges
Labour MPs Unveil Initiative to Combat Harmful Influencers and Advocate for Healthy Masculinity
Miami Beach Mayor Cancels Plan to Expel Cinema Following Documentary Showing
Thousands of Drones Illuminate the Sky in Honor of Trump.
Leaders of the US and Ukraine Participate in Constructive Call During Ongoing Conflict
Elon Musk's X Experiences Valuation Recovery to $44 billion.
UK Government Set to Implement Major Budget Cuts in Spring Statement
US Federal Reserve Downgrades Economic Growth Outlook Due to Tariff Uncertainty
EU Claims US Tech Giants Have Violated Digital Regulations
Canada Denounces the Execution of Its Citizens in China Amid Rising Tensions
European Union Moves Toward Joint Debt for Military Spending
×