Don’t let ticket resale price caps ruin the party this festival season
Misguided plans to cap regulated resale of tickets for live events will be a gift to unscrupulous touts, says Bob Kupbens
The numbers are in – and they’re alarming. Home Office figures just released point to a huge increase in officially reported losses in fraud from ticket sales. And crucially, half of the £1.6m total identified by Action Fraud, which will be the tip of a very large iceberg in the real world, was down to social media scams.
The Home Office is absolutely right to acknowledge the dangers that the Wild West of unregulated resales on social media poses to gig-goers as we continue a summer of amazing live music and events in the UK.
How confusing, then, that the government........
© City A.M.
