The U.K. government is set to ban the resale of live-event tickets for above face value on Wednesday. The move covers concerts, major sports, and theater, according to multiple British press reports.

The move was not a surprise, as the country's Labor Party under Prime Minister Keir Starmer had signaled earlier support for a crackdown on ticket practices, citing the issue of inflated resale prices as a significant consumer protection issue.

Dozens of artists including Sam Fender, Dua Lipa and Coldplay signed a recent open letter urging Starmer to move ahead with promises and implement a cap on resale price tickets.

Housing Secretary Steve Reed told BBC Breakfast that the government, "was committed to outlawing it."

New legislation is expected to include caps on platform fees and pric

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