Summary
The government plans to ban the reselling of event tickets for more than their original price. This decision aims to tackle ticket touts, who often sell tickets at much higher prices, restricting access for genuine fans. The change has support from artists, consumer groups, and the Competition and Markets Authority, though some concerns remain about potential risks of fraud.
Key Facts
- The government is expected to announce a ban on reselling tickets above their face value.
- This move targets ticket touts and resale sites known for high price markups.
- Many artists, including Sam Fender and Dua Lipa, support this action to protect fans.
- The government had considered allowing a markup of up to 30% but may stick to face value only.
- Some fees could still be added to the original ticket price, apart from the face value.
- The Competition and Markets Authority found ticket markups over 50% on resale sites.
- Investigations showed tickets sometimes resell for up to six times the original price.
- Ticketmaster's parent company supports the change and already limits resale to face value in the UK.
