Greedy touts will be banned from scooping up tickets and flogging them at inflated prices under new plans
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TOUTS will be banned from hoovering up tickets and reselling them at wildly inflated prices, ministers have revealed. The clampdown will also consider outlawing dynamic pricing which ripped off Oasis fans last summer. They were stung as they tried to secure seats for the Gallagher brothers’ reunion by ever-rising prices as tickets became scarcer, as well as profiteering resellers.
Business Secretary Jonathan Reynolds confirmed a cap on resale prices to stop touts scooping them up before flogging them at vastly increased rates. He is consulting the sector and considering limiting resales to the original ticket price — although it could be as high as 30 per cent more than the original face value.
That is still much lower than the typical 50 per cent mark-up fans pay on resale sites. The competition watchdog found that touts fleeced fans for £350million last year through reselling 1.9 million tickets. New legislation will also cap the number of tickets someone can buy through primary retailers to stop touts bagging loads.
Resellers will have to get a licence and breaching the rules will result in a £5,000 fine. Curbing ticket touts was an election pledge by PM Sir Keir Starmer, revealed by The Sun. Mr Reynolds said: “All too often big events have been dogged by consumers being taken advantage of by ticket touts.