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Ticket resale prices for live UK events to be capped in crackdown on touts
Viagogo and StubHub platforms to be hit by cap of face value plus 30% or less
It follows years of campaigning by politicians, musicians and the theatre industry to stop professional “resellers” hoovering up tickets at the expense of fans and selling them on for huge mark-ups in alliance with platforms such as Viagogo and StubHub, which take a cut of the profits. The public consultation will consider views on capping resale prices at a 30% uplift, and on limiting the number of tickets that resellers can list to match the maximum they are allowed to buy on the primary market. The plans also include creating legal obligations for resale websites and apps so they are held responsible by trading standards and the competition watchdog for the accuracy of information they provide to buyers.
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