The total amount of money fraudsters made out of their victims came to £9.1billion between 2012 and 2013, according to the Sentencing Council.
They also found that victims were targeted in multiple ways:
- As part of Ponzi schemes
- At cashpoints
- By cowboy builders
- Via identify fraud
- Online phishing schemes
- Fake online ticket sites
- Dating sites
- Businesses were defrauded of £2.1 billion
- The public lost £20.6 million
- Faud against the not-for-profit sector cost charities £147 million in the same period.
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Philip Hammond has dismissed concerns that abolishing stamp duty for first-time buyers will push up house prices.
Elsewhere it will be largely sunny, though with gusty winds at times, and a few showers likely in places.
Heavy rain has caused widespread flooding and travel disruption across north west England and North Wales.