UK Government Probes Dynamic Pricing as Oasis Ticket Prices Exceed £300

Sep 1, 2024, 09:06 PM

The UK government has launched an investigation into the use of 'dynamic pricing' following a surge in ticket prices for an upcoming Oasis concert. This pricing strategy, which adjusts prices based on demand, has led to tickets exceeding £300, sparking public outrage and accusations of 'price gouging.' Culture Secretary Lisa Nandy has condemned the practice, describing the inflated prices as 'incredibly depressing' and pledging to introduce protections against such pricing tactics. The Tánaiste has also condemned the pricing strategy. Despite calls for an inquiry, the consumer watchdog has ruled out an investigation into the matter. The government has promised to review surge pricing.