The UK government plans to ban the high-price resale of event tickets.

The British government plans to introduce new regulations to ban the resale of tickets for live events such as music concerts, performances, and sports events at high prices, in order to curb the use of technology to snatch tickets and make huge profits. Steve Reed, Minister for Housing, Communities and Local Government, stated that "ticket touts" resell tickets at prices far above face value, causing significant losses to people buying tickets to attend events. The UK Competition and Markets Authority announced on the same day that it has launched investigations into the prices of tickets on several resale platforms. It is reported that earlier this year, the British government considered setting a limit of 30% above face value for ticket resale, but the new regulations will prohibit any resale activity for profit and set a limit on the fees charged by resale platforms. In addition, platforms will also be held jointly responsible for sellers' failure to comply with regulations. Ticket touting is rampant in the UK, with dozens of prominent artists previously launching petitions urging the Labour government led by Prime Minister Starmer to fulfill their promise to curb "malicious" ticket resale. It is estimated that high-priced ticket scalping causes consumers to lose 145 million pounds annually.