The London Olympic Games and Paralympic Games Act makes it a criminal offence, punishable by fines of up to £20,000, to sell London 2012 tickets on the black market.
Dear Lord, are they really that damn stupid?
Ticket touts appear because the official price of the ticket is different from the market clearing price of the same ticket.
The only way you don’t get touts is if the bureaucrats, miraculously, have managed to set the price at the market clearing price.
And of course, we’ve got the finest, cleverest, most courageous, bureaucrats in the world so of course they’ve set prices at the market clearing price, haven’t they?
Snort. The very fact that they’ve imposed this legislation means that they know they’ve fucked up, doesn’t it?