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

Tulip Siddiq said the government had failed to get to deal with ‘new types of fraud – such as identify theft and online scams’. Photograph: Dominic Lipinski/PA

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.