Secondary Ticketing and Dynamic Pricing

Culture, Media and Sport – in the House of Commons at on 17 October 2024.

Alert me about debates like this

Photo of Jerome Mayhew Jerome Mayhew Shadow Parliamentary Under Secretary (Business and Trade)

When she plans to launch a consultation on secondary ticketing and dynamic pricing.

Photo of Chris Bryant Chris Bryant The Minister of State, Department for Culture, Media and Sport, Minister of State (Department for Science, Innovation and Technology)

We want to put fans back at the heart of live events and we want to ensure that more of the revenues come to the creative industries. That is why we will be launching a consultation on the secondary ticket market soon —the piece of paper in front of me actually says “in the autumn”, but I am never quite sure when that is, so I am going with “soon”.

Photo of Jerome Mayhew Jerome Mayhew Shadow Parliamentary Under Secretary (Business and Trade)

I am grateful to the Minister for his answer. I understand the need to look at secondary ticketing, but dynamic pricing is a contractual bargain between buyer and seller, based on supply and demand. It actually gives us cheaper tickets as well as more expensive ones. Does he really want the Government to get involved there? I know that the Prime Minister wants everyone to be able to afford concert tickets, but what is wrong with the way that he gets them?

Photo of Chris Bryant Chris Bryant The Minister of State, Department for Culture, Media and Sport, Minister of State (Department for Science, Innovation and Technology)

The truth is that dynamic pricing has many different forms and some of them are good. For instance, early bird tickets benefit many people, as does buying last-minute tickets for the theatre. We will not interfere with that, but we will have a call for evidence about how that works in relation to live events. On ticket pricing, the real scandal is that, for example, the face value of standing tickets for Coldplay at Wembley on 22 August 2025 is £96.23, but when I checked StubHub this morning they cost £17,633. That is the real scandal and that is what we are going to deal with.

Prime Minister

http://en.wikipedia.org/wiki/Prime_Minister_of_the_United_Kingdom

Minister

Ministers make up the Government and almost all are members of the House of Lords or the House of Commons. There are three main types of Minister. Departmental Ministers are in charge of Government Departments. The Government is divided into different Departments which have responsibilities for different areas. For example the Treasury is in charge of Government spending. Departmental Ministers in the Cabinet are generally called 'Secretary of State' but some have special titles such as Chancellor of the Exchequer. Ministers of State and Junior Ministers assist the ministers in charge of the department. They normally have responsibility for a particular area within the department and are sometimes given a title that reflects this - for example Minister of Transport.