Government Statement
Today I am making a statement about ticketing in the live events sector, addressing issues such as scalping and unfair pricing practices. The Government have published a consultation on the resale of live event tickets and a call for evidence on pricing practices. This is not a consultation on whether to act but how to do so effectively. The UK's live events sector employs over 200,000 people and contributes significantly to local economies. However, too many fans are missing out due to the non-functioning ticket market, where tickets are often resold at vastly inflated prices. The Government will put fans back at the heart of live events by clamping down on unfair practices. We will revisit recommendations from the Competition and Markets Authority's 2021 report, including a licensing regime for resale platforms, limits on the number of tickets individual resellers can list, and requirements to ensure ticket information accuracy. We are also considering a statutory price cap on ticket resales to prohibit resale at inflated prices. The consultation will be open for 12 weeks, after which we will decide on next steps.