Context
The Government announced plans to illegalize reselling live events tickets for profit, but there are concerns about potential loopholes through social media platforms.
Question
The Government’s action on ticket reselling is the first substantive effort to tackle those who leech off the music sector. Previously, as one loophole closed, another would often open. There have been warnings that ticket reselling could continue through social media and messaging apps. How will the Government monitor that to protect fans so that they can see the artists who bring joy into all our lives?
Answer from The Parliamentary Under-Secretary of State for Business and Trade (Kate Dearden)
I thank my hon. Friend for raising that, and appreciate his work on and commitment to this matter. Our approach will require all platforms that facilitate the resale of tickets—including social media platforms—to ensure that the price cap is adhered to on their sites. If platforms fail to uphold the cap, our enforcers will be able to issue tough penalties of up to 10% of global turnover. We believe that this will act as a strong deterrent. We will carefully monitor the impact of the measures once they have been implemented, and we will not hesitate to take further action to protect fans if required.
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