By Free Republic | Created at 2025-01-10 05:14:03 | Updated at 2025-01-10 10:20:40
5 hours ago
Price of resale tickets to be capped under plans to tackle scalpers [U.K.]
BBC ^ | Jan 9 | BBC
Posted on 01/09/2025 9:00:18 PM PST by RandFan
The [Labour] government has announced plans to cap the price of resale tickets in a clamp-down on ticket touts who bulk buy tickets and then resell them for huge profits.
The cap would apply to tickets in the live events industry including sport, music, comedy and theatre.
It was one of the government's election promises, after complaints from fans and concert-goers about the massively inflated cost of some resale tickets.
A public consultation will now be launched to consider the cap and how much it will be - anywhere from the ticket's face value or up to 30% on top of the original price.
(Excerpt) Read more at bbc.co.uk ...
TOPICS: Business/Economy; Chit/Chat; Conspiracy
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A good move or blatant interference in the free market?
1 posted on 01/09/2025 9:00:18 PM PST by RandFan
To: RandFan
Isn’t scalping already illegal there?
2 posted on 01/09/2025 9:03:42 PM PST by E. Pluribus Unum (The worst thing about censorship is █████ ██ ████ ████ ████ █ ███████ ████. FJB.)
To: RandFan
A good move or blatant interference in the free market?
The first six words of the article is an indicator:
The [Labour] government has announced plans...
To: RandFan
I get it. Big scalpers buy up all the tickets before the little scalpers have a chance.
4 posted on 01/09/2025 9:04:53 PM PST by E. Pluribus Unum (The worst thing about censorship is █████ ██ ████ ████ ████ █ ███████ ████. FJB.)
To: E. Pluribus Unum
No surprisingly not. The resale market pretty big actually
5 posted on 01/09/2025 9:06:21 PM PST by RandFan
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