The maximum motorway speeding penalty will rise to £10,000 under government plans to increase fine levels in magistrates' courts by 400%.
The proposed changes will also allow judges to impose unlimited fines for the first time where there is currently a maximum of £5,000.
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Five members of the Armed Forces have been granted operational honours and awards in recognition of their service.
The Conservative peer said he was 'shocked' that the law had been vetoed by the Liberal Democrats.