The Competition & Markets Authority has made a submission to the UK government that strongly backs a proposal for a resale ticket price cap. The UK’s Competition and Markets Authority (CMA) has formally backed the government’s proposal to introduce a price cap on tickets resold via the secondary market. In its submission to the government’s ongoing consultation, the CMA stated that such a measure would protect consumers from “excessive resale pricing” and ensure a fairer ticketing system. The government’s consultation, launched in January, follows the Labour Party’s commitment to tackling inflated ticket resale prices ahead of last year’s General Election….