Vet prices have risen at nearly twice the rate of inflation, the Competition and Markets Authority found.

The chancellor tells Sky News that Brexit has damaged the economy, as she comes under pressure to raise funds for the public finances.

It is the third-largest fine the communications watchdog has ever issued.

The UK has also frozen assets linked to the alleged scammers, including a £100m London office building.

But the UK is also predicted to suffer the highest rate of inflation in the G7 both this year and next.