Sorry to hear about your fish
@plantnoobdude
I can't really gather from the pictures alone what it is, but if I were to simply go off of your description then I would agree with
@Guest above, potentially columnaris. Columnaris can come in different forms, i.e it's been known as both "saddleback disease" and "mouth rot". You've mentioned discoloured white lips, as well as this infection "eating away" at the fish, and these are quite common in columnaris.
If you have it available, I would jump straight to an antibiotic such as Seachem's Kanaplex (Kanamycin), or potentially Doxycycline (found in API's 'Fin and body cure'). I'm actually quite a strong advocate for only using antibiotics when other treatments have failed, but columnaris can progress quite quickly, and it's highly contagious. Many UK meds are unfortunately mostly antiseptics, or gram-positive targeting, whereas columnaris (and most problematic aquarium bacteria) are gram-negative.