By bizn_fun 
Investigations by Trading Standards have previously uncovered evidence of tickets being resold for up to six times their original cost.
Rocio Concha, director of policy and advocacy at Which?, said it was “great news for music and sports fans”, adding the plan would “rein in professional touts and put tickets back in the hands of real fans”.
She urged the government to “show that the price cap is a priority by including the necessary legislation in the King’s Speech”.
Ticketmaster’s parent company Live Nation Entertainment said it already limits resale in the UK to face value prices and described the reported plan as “another major step forward for fans”.
Resale sites like Viagogo and Stubhub have previously claimed that a price cap could push customers towards unregulated sites and social media, putting them at increased risk of fraud.