The United Kingdom government has unveiled a groundbreaking initiative to prohibit the resale of event tickets—including concerts, sports matches, and other live performances—at prices exceeding their original face value. This move aims to curb the exploitative practices of ticket touts, who have long profited from inflating prices to the detriment of fans and the entertainment industry. The announcement, made on Wednesday, comes in response to widespread public frustration, particularly over the exorbitant costs of tickets for events like the recent Oasis reunion tour. Business Secretary Peter Kyle emphasized that the measures are designed to dismantle the touting model, ensuring fair access to live events for all fans. The Labour government, elected in July 2024, had pledged to prioritize consumer protections in its manifesto. Culture Secretary Lisa Nandy highlighted the detrimental impact of touts, who often use automated bots to purchase large quantities of tickets and resell them at inflated prices. An investigation by consumer group Which? revealed that tickets for Oasis’s Wembley Stadium show were listed for over £4,000 on platforms like Viagogo. Under the new regulations, resale platforms will face capped service fees, and individuals will be restricted from reselling more tickets than they initially purchased. The government estimates these measures will save fans £112 million annually, reducing the average resale price by £37. While British music icons, including Coldplay and Dua Lipa, have endorsed the legislation, resale platforms like Viagogo and StubHub have criticized the plans, warning they could push fans toward unregulated markets.