"Reselling tickets to live events for a profit is set to be banned by the government. Ministers are expected to announce the plan in a bid to tackle touts and resale sites which offer tickets at several times' face value. Restricting ticket touts was one of the Labour government's election pledges, as fans complained of massively inflated prices for resale tickets for music and sporting events."
"Investigations by Trading Standards have previously uncovered evidence of tickets being resold for up to six times their original cost. Rocio Concha, director of policy and advocacy at Which?, said it was "great news for music and sports fans", adding the plan would "rein in professional touts and put tickets back in the hands of real fans". She urged the government to "show that the price cap is a priority by including the necessary legislation in the King's Speech"."
The government will ban reselling tickets to live events for profit to tackle touts and resale sites that sell tickets at multiples of face value. The move follows complaints about massively inflated resale prices for music and sporting events and appeals from dozens of artists and consumer and industry groups. Analysis shows resale tickets are typically marked up by more than 50%, and Trading Standards found some resales up to six times original cost. Consumer groups welcome a price cap and urge swift legislation, while major promoters say they already limit resale to face value and resale sites warn of unintended consequences.
Read at www.bbc.com
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