Labour calls for national fraud strategy as annual losses hit £1.3bn

Exclusive: party seeks amendment to financial services and markets bill and says ministers are failing on new types of fraud'

Labour will press the government for the first national fraud strategy" in a decade as figures show fraud and financial scams affecting consumers and businesses hit a record 1.3bn of lost cash last year.

The party will seek to force a vote on the financial services and markets bill with an amendment calling for a new fraud strategy, as households and businesses are losing more than ever.