Business
Resale of tickets above face value set to be outlawed under crackdown on touts
Reselling tickets for live events for profit is set to be banned by the Government.
Ministers are expected to announce the plan to tackle touts and resale sites which offer tickets at several times’ their face value.
The Labour manifesto promised stronger protections to stop consumers being scammed or priced out of events by touts, who frequently use bots to buy tickets in bulk the moment they go on sale, which they can then sell on for huge mark-ups on secondary ticketing websites.
A consultation on the changes had canvassed views on capping costs at up to 30% above the face value of a ticket.
But reports in the Guardian and Financial Times revealed ministers were expected to set the limit at the face value, although fees could still be charged on top of that price.
The Government declined to comment on the reports.
The move, which could be announced on Wednesday, follows a campaign by some of the biggest names in music to cut costs for fans.
Coldplay, Dua Lipa and Radiohead were last week among artists urging the Government to honour the pledge to cap resale prices.
The Cure’s Robert Smith, New Order, Mark Knopfler, Iron Maiden, PJ Harvey and Mercury Prize-winner Sam Fender joined them in signing a statement calling for a cap to “restore faith in the ticketing system” and “help democratise public access to the arts”.
Other signatories included the watchdog Which?, FanFair Alliance, O2, the Football Supporters’ Association and organisations representing the music and theatre industries, venues, managers and ticket retailers.
Rocio Concha, director of policy and advocacy at Which?, said: “This is great news for music and sports fans.
“A price cap set at the ticket’s original face value plus fees will rein in professional touts and put tickets back in the hands of real fans.
“For far too long, music and sports fans who missed out on tickets in the initial sales have been ripped off by touts on secondary ticketing sites and forced to pay over the odds to see their favourite artist perform or watch their team play.
“The Government must listen to our coalition of performers, fans, consumer groups and the UK music industry and 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 backed the move.
In a statement the firm said: “Live Nation fully supports the UK Government’s plan to ban ticket resale above face value.
“Ticketmaster already limits all resale in the UK to face value prices and this is another major step forward for fans, cracking down on exploitative touting to help keep live events accessible. We encourage others around the world to adopt similar fan-first policies.”
But resale firm StubHub warned the move could fuel the black market in tickets.
A spokesman for StubHub International said: “The Government’s intention to implement a price cap on the resale of live event tickets will condemn fans to take risks to see their favourite live events.
“With a price cap on regulated marketplaces, ticket transactions will move to black markets.
“When a regulated market becomes a black market, only bad things happen for consumers. Fraud, fear and zero recourse.”
Business
‘Side Hustle Generation’: Over 50% Of US Gen Z Opting For Extra Gigs Amid Economic Uncertainty
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At least 57% of Gen Z in the US now have side gigs, from retail to gig work, amid economic uncertainty and concerns over the impact of AI on jobs.
Gen-Z is the first generation for whom a 9-to-5 job isn’t essential for achieving financial success. (AI-Generated Image)
Amid widespread economic uncertainty, more than half of the Gen Z population in the United States is opting for side gigs to navigate the job market and for extra cash.
At least 57% of Gen Z in the US now have side gigs, compared to 21% of boomers and older, according to The Harris Poll, which dubbed them “America’s first true ‘side hustle’ generation.”
Most of them are picking up side hustles, from retail to gig work, for extra cash. Younger people “want to work [and] find success, but many of them just feel disillusioned with the opportunities to get there through the traditional career ladder,” Glassdoor chief economist Daniel Zhao told Axios.
Role Of AI
In an August report, Glassdoor researchers said that some of the youths are chasing creative or entrepreneurial goals. Moreover, AI and other technological advances have made it easier for professionals to monetise their skills and passions.
“We’re witnessing a true side hustle generation where work identity lives outside of traditional employment. Additional commentary and research also shows that there’s a growing number of Employee+ workers who diversify income streams without abandoning job security,” Glassdoor said.
“For Gen Z, the day job funds the passion project. Work pays the bills, but identity and fulfilment can come from entrepreneurial pursuits, creative endeavours, or social causes they care about,” it added.
Why Are Gen-Z Opting For Side Gigs?
One of the main reasons for this shift is job anxiety. Recent graduates are struggling to secure jobs, while those with them aren’t seeing the career growth they expect, according to Zhao.
Data shows that the financial optimism for college students has fallen to their lowest level since 2018, mostly due to concerns over unemployment and ‘AI-induced layoffs’. The advent of AI remains the most pressing concern among young workers.
As per The Harris Poll, Gen Z is the first generation for whom a 9-to-5 job isn’t essential for achieving financial success. Side hustles are not merely distractions or fallback options; they are central to Gen Z’s identity, offering creative, entrepreneurial, or activist outlets that main jobs cannot supply.
“It definitely makes me feel more financially secure,” Katie Arce, who works full-time in e-commerce and picks up shifts at a vintage clothing store in Austin, Texas, told Axios.
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United States of America (USA)
January 11, 2026, 17:08 IST
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PM Modi further emphasised that over the past 11 years, India has emerged as the largest data consumer and built the country’s largest real-time digital platform.
PM Modi speaking at the inauguration of Vibrant Gujarat Regional Conference. (PTI)
Prime Minister Narendra Modi on Sunday said that India’s political stability and strong macroeconomic fundamentals are driving global investor confidence, with Gujarat emerging as a key anchor of the country’s growth story.
While addressing the Vibrant Gujarat Regional Conference in Gujarat, the Prime Minister highlighted India’s economic trajectory, saying that the country is the world’s fastest-growing major economy, with inflation under control and a strong foundation for long-term growth. He said that reform express is driving India’s journey to developed nation status.
He highlighted that India is the largest producer of milk and a leading manufacturer of generic medicines, reflecting the country’s growing strength in both agriculture and pharmaceuticals.
VIDEO | Rajkot: PM Modi (@narendramodi) says, “India is the world’s fastest-growing large economy and inflation is under control. Agricultural production in India is setting new records, and the country ranks number one in milk production. India is also the world’s largest… pic.twitter.com/R6f7tDhoZD— Press Trust of India (@PTI_News) January 11, 2026
He noted that global institutions are increasingly bullish on India, with the International Monetary Fund (IMF) describing the country as the engine of global growth.
“India is the world’s 3rd largest startup ecosystem, 3rd largest aviation market, we are in the top 3 metro networks of the world,” he said, asserting that the country is heading to become the world’s 3rd largest economy.
PM Modi further emphasised that over the past 11 years, India has emerged as the largest data consumer and built the country’s largest real-time digital platform. He highlighted that India is now the second-largest mobile manufacturer, whereas earlier the country imported nine out of ten phones.
The Prime Minister also underlined Gujarat’s contribution to India becoming the world’s third-largest economy, noting that the state has grown across sectors. He said regions like Saurashtra and Kutch, once seen as remote, have now become major drivers of Atmanirbhar Bharat and investment-led growth.
Highlighting Saurashtra’s manufacturing strength, with over 2.5 lakh MSMEs producing goods ranging from basic tools to high-precision aircraft components, PM Modi pointed to the region hosting the world’s largest ship-breaking yard and being a major hub for tile manufacturing.
He further said that India’s first semiconductor fabrication plant is coming up in Dholera, with the land ready and a predictable policy environment supporting long-term growth.
Vibrant Gujarat Regional Conference
PM Modi on Sunday inaugurated the Vibrant Gujarat Regional Conference for the Kutch and Saurashtra regions.
The event saw the presence of Gujarat Chief Minister Bhupendra Patel and Deputy Chief Minister Harsh Sanghavi, among other dignitaries.
He also inaugurated 13 New Smart Industrial Estates in 7 Districts (Amreli, Bhavnagar, Jamnagar, Kutch, Morbi, Rajkot and Surendranagar) spanning an area of over 3540 Acres by Gujarat Industrial Development Corporation before his address on Sunday.
The two-day conference summit will highlight Gujarat’s leadership in the clean energy sector and its alignment with India’s ‘Panchamrit’ commitments announced by the Prime Minister. These include achieving 500 GW of non-fossil energy capacity by 2030, meeting 50 per cent of energy requirements from renewable sources, reducing projected carbon emissions by 1 billion tonnes, lowering carbon intensity by 45 per cent by 2030, and attaining net-zero emissions by 2070.
Rajkot, India, India
January 11, 2026, 16:22 IST
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Business
‘You’ve Restored India’s Civilisational Self-Belief’: Mukesh Ambani Praises PM Modi At Vibrant Gujarat
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Reliance Industries chairman and managing director Mukesh Ambani said PM Narendra Modi’s vision has reshaped India’s trajectory for the next 50 years
Reliance Industries chairman and managing director speaks at the Vibrant Gujarat Regional Conferences on January 11, 2025. (Image: Vibrant Gujarat/YouTube)
Reliance Industries chairman and managing director Mukesh Ambani had high praise for Prime Minister Narendra Modi, who inaugurated the Vibrant Gujarat Regional Conference for the Kutch and Saurashtra regions on Sunday.
Ambani said Modi’s vision has reshaped India’s trajectory for the next 50 years, while also restoring the country’s “civilisational self-belief”.
“Most respected prime minister, you have restored to India its civilisational self-belief. Never in history of India have we seen so much hope, self confidence, and so much vibrancy as we do now,” Ambani said during his address at the conference.
Congratulating Modi for the “great honour for Saurashtra and Kutch” that he was personally present, he started his address by referring to the prime minister’s visit to Somnath temple for the ‘Somnath Swabhiman Parv’ earlier in the day.
“Let me start with ‘Jai Somnath’. The positive vibrations from our dear prime minister’s prayers from Somnath are resonating across Gujarat and India. I congratulate our PM for the great honour for Saurashtra and Kutch that he is personally present for the Vibrant Gujarat regional summit (conference). After 20 years in Gandhinagar, we are privileged to take part in the regional summit here in Rajkot,” he said.
Ambani said history will record the “Modi era” as when India moved from “potential to performance, aspiration to action, follower to becoming a global force”.
“Your (Modi’s) vision has reshaped India’s trajectory for the next 50 years and more. History will record that the Modi era is when India moved from potential to performance, from aspiration to action, from being a follower to becoming a global force,” he said.
Calling Modi the “invincible, protective wall” of India, he said the PM is the reason why global challenges cannot “touch or trouble” the country.
“All of us know that the world is changing very fast, the geopolitical situation is creating new challenges including some unexpected turbulence but what is reassuring for India is that these challenges can’t touch or trouble our people. This is because India has the invincible, protective wall called Narendrabhai Modi. Let the world know that this is India’s defining decade, under the PM’s leadership, India’s not just preparing for the future but India’s shaping it,” he added.
Modi inaugurated the event in the presence of Gujarat Chief Minister Bhupendra Patel and deputy CM Harsh Sanghavi, among other dignitaries. The two-day conference will highlight Gujarat’s leadership in the clean energy sector and its alignment with India’s ‘Panchamrit’ commitments announced by the PM.
These include achieving 500 GW of non-fossil energy capacity by 2030, meeting 50 per cent of energy requirements from renewable sources, reducing projected carbon emissions by 1 billion tonnes, lowering carbon intensity by 45 per cent by 2030, and attaining net-zero emissions by 2070.
(With agency inputs)
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Rajkot, India, India
January 11, 2026, 15:43 IST
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