UK government confirms price cap for touts and consultation into ticketing and dynamic pricing

nme.com:

Oasis reveal plans to cancel more than 50,000 tickets to their reunion tour sold via secondary ticket sites.Speaking to NME about the news, the Minister of State for Data Protection and Telecoms Sir Chris Bryant MP of the new Labour government said that this price cap wasn’t up for debate – but it was “now just a matter of how the government takes action”.“Imagine Becky – she’s living at flat seven at number 83 on the high street is desperate to get tickets for her mum’s favourite act on her birthday,” said Sir Chris. “She logs on at 9am and by 9.05am all the tickets have gone.

Within half an hour, those same tickets are on the secondary ticket market for five times as much. That’s just unfair.”Discussing the obstacles of the secondary ticket market, Sir Chris said: “The number one issue is how many tickets you should be able to buy because it’s clear that bots using artificial names manage to hoover up hundreds of them.

How do we deal with that?“Number two is the cap and how much that should be. Should it be face value only? That’s what the Principality Stadium does for Welsh Rugby Union matches.

Or should it be plus fees or plus 10-30 per cent? That’s the kind of range we’re consulting on.“Thirdly, we’re consulting on whether there should be a licensing system.