UK Government Moves to Regulate Ticket Resellers

The UK government has announced a series of measures aimed at combating the exploitative practices of ticket resellers, including capping resale prices at 30% above face value and holding resale platforms accountable for accuracy in listings. The initiative, launched by Business Minister Jonathan Reynolds, responds to widespread public frustration over inflated prices, particularly highlighted during events like the Oasis reunion and Taylor Swift concerts. A public consultation will explore these proposals and gather evidence on dynamic pricing practices, which have also drawn criticism. Enhanced enforcement measures will include increased fines for violations and a licensing system for resale platforms. The government's Plan for Change seeks to empower fans and ensure that money spent on tickets benefits the live events sector rather than profiteering resellers. Industry figures have expressed support for these reforms, emphasizing the need for fair access to tickets for genuine fans.