NS&I delivered £2.6 billion of Net Financing in Q2 2024-25 and £0.7 billion of Net Financing in Q1 2024-25, giving a half-year total of £3.3 billion. The figures are part of NS&I’s unaudited quarterly results for the first half (April-September 2024) of the financial year 2024-25.
The Spring Budget in March 2024 set NS&I’s Net Financing target for 2024-25 at £9.0 billion (+/- £4 billion).
Unaudited Q1 and Q2 2024-25 results (1 April – 30 September 2024)*
|
Qtr / year |
Gross inflows (including reinvestments) £bn
|
C&AIP** £bn
|
Gross outflows £bn
|
Net Financing £bn
|
Total stock £bn
|
|
Q2 2024-25 (unaudited) |
15.7 |
2.3 |
15.4 |
2.6 |
233.9 |
|
Q1 2024-25 (unaudited) |
11.7 |
3.0 |
14.0 |
0.7 |
231.3 |
NS&I financial results 2019-20 to 2023-24*
|
Year |
Gross inflows (including reinvestments) £bn
|
C&AIP** £bn
|
Gross outflows £bn |
Net Financing £bn |
Total stock £bn |
|
2023-24 |
65.7 |
8.7 |
62.1 |
11.3 |
230.5 |
|
2022-23 |
53.7 |
5.5 |
48.6 |
10.0 |
218.3 |
|
2021-22 |
44.9 |
2.5 |
42.7 |
4.4 |
207.6 |
|
2020-21 |
86.2 |
2.2 |
64.6 |
23.8 |
203.0 |
|
2019-20 |
38.2 |
2.6 |
29.2 |
11.6 |
179.2 |
All figures are in £ billion and are subject to rounding.
*All figures from 2021-22 onwards (with the exception of Net Financing)
include Green Savings Bonds.
**C&AIP is capitalised and accrued interest and prizes earned. All
figures are in £ billion and subject to rounding.
–Ends–
Notes to Editors
- Net Financing – the measure of the net change of NS&I funds, meaning total inflows from deposits, retention of maturing monies and capitalised and accrued interest, less the total outflows from withdrawals and interest or Premium Bonds prize draw payments. A positive Net Financing figure represents a positive contribution to government financing. Net Financing excludes Green Savings Bonds, as they are a policy product.
- NS&I’s Annual Report and Accounts 2023-24 can be downloaded here .
- NS&I is one of the largest savings organisations in the UK, offering a range of savings and investments to more than 24 million customers. All products offer 100% capital security, because NS&I is backed by HM Treasury.
- Further information on NS&I, including press releases and product information, is available on the website at nsandi.com. Follow us on X/Twitter: @nsandi