Following the Prime Minister’s General Election announcement last week, there was a flurry of activity to get legislation passed before Parliament is dissolved on Thursday 30th May.
The Finance (No.2) Act has received Royal Assent which introduces the new permanent rates of TTR at 40% and 45% that will come into force next year.
The Digital Markets, Competition and Consumers Act 2024 introduces provisions relating to the protection of consumer rights. Some parliamentarians argued for stronger regulations to curb secondary ticketing, however the UK Government did not accept these amendments. Kevin Hollinrake, Minister of State for Enterprise, Markets and Small Business said: “We believe that the solution lies not in more regulations, but in regulation—in other words, enforcement. This House has already radically strengthened the CMA’s [Competition and Markets Authority] enforcement powers in part 3 of the Bill. That strengthening applies to all consumer law, including on secondary ticketing”. SOLT & UK Theatre will continue to monitor policy developments related to secondary ticketing and will keep members updated.
ICYMI: Another relevant piece of legislation is the Pedicabs (London) Act 2024, which introduces regulations for pedicabs in public places in Greater London. This is something we know our London-based members have been following closely.
Legislation that was not passed
The Terrorism (Protection of premises) draft bill, also known as ‘Martyn’s Law’, which aims to reduce the risk to the public from terrorist attacks, was not passed. SOLT & UK Theatre have asked Home Office officials to meet with members to help them understand the outcomes from recent consultations on these plans. We will continue to monitor the progress of these proposals.
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